December 2023
Noble Capital Markets is pleased to announce its role as a
sales agent in The GEO Group, Inc.’s recently announced at-the-market offering
of common stock. Under the program, GEO may offer and sell shares having an
aggregate offering price of up to $300 million from time to time through a
syndicate of sales agents. The transaction was announced on December 28, 2023,
pursuant to a shelf registration declared effective on October 30, 2023.
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