GEO Group to pay down revolving credit facility via notes offering

By Tali Rackner

Norfolk, Va., Sept. 22 – GEO Group, Inc. plans to pay down outstanding borrowings under its revolving credit facility with the proceeds from a senior notes offering, according to a press release.

Proceeds will also be used to pay related fees, costs and expenses.

The Boca Raton, Fla.-based real estate investment trust specializes in the design, financing, development and operation of correctional facilities.

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