This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The GEO Group, Inc. Announces Early Results In Connection With The Tender Offer And Consent Solicitation For Its 7¾% Senior Notes Due 2017

The GEO Group, Inc. (NYSE: GEO) (“GEO”) announced the results to date of the cash tender offer and consent solicitation for any and all of its $250,000,000 aggregate principal amount of its 7¾% Senior Notes due 2017, CUSIP No. 36159RAC7 (the "Notes").

As of 5:00 p.m., New York City time, on October 2, 2013, which was the "Consent Payment Deadline" for the tender offer and consent solicitation, the Company received valid tenders and consents from holders of $209,092,000 in aggregate principal amount of the Notes. This represents 83.64% of the outstanding principal amount of the Notes.

Holders of Notes who tendered their Notes prior to the Consent Payment Deadline, and whose Notes are accepted for purchase, will receive the total consideration of $1,043.45 per $1,000 principal amount of Notes, which includes the consent payment of $30.00 per $1,000 principal amount of Notes validly tendered. GEO expects to settle all Notes tendered by the Consent Payment Deadline on October 3, 2013.

The tender offer and consent solicitation remains open and will expire at 11:59 p.m., New York City time, on October 17, 2013 (the “Expiration Time”). Holders of Notes who tender after the Consent Payment Deadline but prior to the Expiration Time will receive the tender offer consideration of $1,013.45 per $1,000 principal amount of Notes payable on the final payment date, which we expect to be October 18, 2013. In addition, all holders whose Notes are accepted for purchase will receive accrued and unpaid interest in respect of their purchased Notes from the last interest payment date up to but not including the applicable payment date. GEO plans to call for redemption all remaining Notes not tendered by the Consent Payment Deadline.

The terms and conditions of the tender offer and consent solicitation are set forth in the Offer to Purchase and Consent Solicitation Statement dated September 19, 2013 (the “Offer to Purchase”). GEO may amend, extend or, subject to certain conditions, terminate the tender offer and consent solicitation.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs