Noble Capital Markets Served as Co-Manager to The GEO Group (GEO) in $1.275b Senior Notes Offering

April 2024

Noble Capital Markets is pleased to announce its role as Co-Manager in The GEO Group, Inc.’s recently announced $1.275 billion Senior Notes Offering. The transaction includes $650 million of 8.625% Senior Subordinated Secured Notes due April 15, 2029 and $625 million of 10.250% Senior Subordinated Unsecured Notes due April 15, 2031. Both tranches were priced at par and include attached guarantees. The secured notes are callable and backed by collateral, while the unsecured notes are also callable and rank as senior subordinated obligations.

The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO’s diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO’s worldwide operations include the ownership and/or delivery of support services for 99 facilities totaling approximately 80,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees.

This transaction highlights Noble’s ongoing commitment to providing strategic capital markets and advisory services to middle-market companies across a wide range of sectors. With deep sector knowledge and a client-first approach, Noble supports companies throughout their lifecycle — from capital formation to M&A execution.

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For more information on this transaction, contact Francisco Penafiel @ fpenafiel@noblecapitalmarkets.com