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GEO Group runs one-week tender for 6 5/8% notes due 2021 at 103.678
By Susanna Moon
Chicago, April 11 – GEO Group, Inc. said it began a one-week cash tender offer for its $300 million principal amount of 6 5/8% senior notes due 2021.
The company is offering to pay $1,036.78 for each $1,000 principal amount of notes tendered by the offer expiration at 5 p.m. ET on April 15, according to a company announcement.
Holders also will receive accrued interest to but excluding the payment date of April 18.
Tendered notes may be withdrawn at any time before the offer ends.
The offer is conditioned on GEO receiving proceeds of at least $300 million from an offering of new senior notes, the company said.
D.F. King & Co., Inc. (212 269-5550, 800 591-8269 or geo@dfking.com) is the tender agent and information agent. Wells Fargo Securities, LLC (704 410-4760 or 866 309-6316) is the dealer manager.
GEO is a Boca Raton, Fla.-based real estate investment trust.
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