GEO seeks consents on two notes for trustee eligibility requirements

Chicago, Feb. 15 – GEO Group, Inc. announced consent solicitations for two notes to modify the trustee eligibility requirements for the required amount of combined capital and surplus that a trustee or a successor trustee must have to qualify as a trustee to give the issuers of the notes greater flexibility when appointing a successor trustee, according to a consent solicitation document.

The trustees under the indentures are Regions Bank.

The solicitations relate to the $110,858,000 outstanding 6% senior notes due 2026 (Cusip: 36162JAB2) issued by GEO Group and the $230 million 6.5% exchangeable senior notes due 2026 (Cusip: 36166WAB9) issued by subsidiary GEO Corrections Holdings, Inc. and GEO Group.

The separate solicitations expire at 5 p.m. ET on March 1.

If noteholders consent, the supplemental indentures will be executed promptly.

No consent fee will be paid in relation to the consent solicitations.

Consents are needed from holders representing a majority of each of the notes.

D.F. King & Co., Inc. is the information and tabulation agent (800 791-3319, 212 269-5550, GEO@dfking.com).

The GEO Group is a Boca Raton, Fla.-based correctional facilities-focused real estate investment trust.

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