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Geo Group Inc (GEO.N)

GEO.N on New York Stock Exchange

46.21USD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Geo Group executes third amended and restated credit agreement
Wednesday, 29 Mar 2017 05:28pm EDT 

Geo Group Inc - : On March 23, co executed a third amended and restated credit agreement . Credit agreement refinances Geo’s prior $291.0 million term loan - SEC filing . Credit agreement reestablishes Geo’s ability to implement at a later date an australian dollar letter of credit facility providing for up to a$275 million . Credit agreement evidences credit facility consisting of an $800.0 million term loan bearing interest at libor plus 2.25% . Credit agreement evidences credit facility also consisting $900.0 million revolving credit facility initially bearing interest at libor plus 2.25% .Under amendment,term loan component to mature on march 23, 2024, revolving credit commitment component to mature on May 19, 2021.  Full Article

The Geo Group announces 3-for-2 stock split
Monday, 27 Mar 2017 06:55am EDT 

Geo Group Inc : The Geo Group announces 3-for-2 stock split .Expects its common stock to begin trading at split-adjusted price on April 25, 2017.  Full Article

Geo Group says selling 6.9 mln shares of common stock for $288.1 mln
Thursday, 9 Mar 2017 06:55am EST 

Geo Group Inc : Geo Group- after giving effect to full exercise of option, co selling 6.9 million shares of common stock for total gross proceeds of about $288.1 million .Geo Group Inc - settlement of sale of additional shares is expected to take place on march 13, 2016.  Full Article

The Geo Group Inc announces pricing of offering of common stock
Wednesday, 8 Mar 2017 06:55am EST 

Geo Group Inc : The Geo Group Inc announces pricing of offering of common stock .Says public offering of 6.00 million common shares priced at $41.75 per share.  Full Article

Geo Group announces offering of 6 million common shares
Tuesday, 7 Mar 2017 04:08pm EST 

Geo Group Inc : The Geo Group, Inc announces offering of common stock . Says offering 6.00 million common shares .Geo Group Inc - Geo intends to use net proceeds to repay amounts outstanding under Geo's revolver portion of its senior credit facility.  Full Article

Geo Group announces $360 million acquisition of Community Education Centers
Wednesday, 22 Feb 2017 06:55am EST 

Geo Group Inc : The Geo Group announces $360 million acquisition of Community Education Centers . Geo Group Inc says Geo plans to integrate CEC into Geo's existing business units of Geo Corrections & Detention and Geo Care . Geo Group Inc - Geo will acquire cec for $360 million in an all cash transaction, excluding transaction related expenses . Geo Group Inc - Geo will not assume any debt as a result of transaction . Geo Group Inc - expect to achieve annualized net synergies of approximately $5 million from deal . Geo Group Inc says acquisition is expected to increase geo's total annualized revenues by approximately $250 million . Geo Group Inc - excluding one-time transaction-related expenses and transitional costs, Geo expects acquisition to be modestly accretive in 2017 . Geo Group Inc - anticipates annual net synergies of $5 million to be realized over 9 to 12 months from deal .Geo Group Inc says expects acquisition to be 9-11% accretive to adjusted EBITDA post-synergies on a fully annualized basis beginning in 2018.  Full Article

Geo Group Q4 normalized FFO of $0.83 per share
Wednesday, 22 Feb 2017 06:55am EST 

Geo Group Inc : The geo group reports fourth quarter and full-year 2016 results . Sees FY 2017 adjusted FFO per share $3.70 to $3.80 . Q4 adjusted FFO per share $0.83 . Sees Q1 2017 revenue $549 million to $554 million . Sees FY 2017 revenue about $2.1 billion . Q4 revenue $566.6 million versus i/b/e/s view $556.6 million . Says issues FY2017 EPS guidance of $2.05-$2.15 per diluted share . Sees FY normalized FFO guidance of $2.90-$3.00 per diluted share . Geo Group Inc - Geo expects full-year 2017 normalized FFO in a range of $2.90 to $3.00 per diluted share . Qtrly normalized FFO of $0.83 per diluted share . Fy2017 FFO per share view $3.09 -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $2.06, revenue view $1.98 billion -- Thomson Reuters I/B/E/S . Geo group inc sees Q1 AFFO in a range of $0.90 to $0.92 per diluted share . Sees Q1 normalized FFO in a range of $0.70 to $0.72 per diluted share . Q4 FFO per share view $0.76 -- Thomson Reuters I/B/E/S . Q1 FFO per share view $0.75 -- Thomson Reuters I/B/E/S . Q1 revenue view $514.4 million -- Thomson Reuters I/B/E/S .Fy2017 revenue view $1.98 billion -- Thomson Reuters I/B/E/S.  Full Article

Geo Group declares quarterly cash dividend of $0.70 per share
Monday, 6 Feb 2017 06:55am EST 

Geo Group Inc - :The Geo Group declares quarterly cash dividend of $0.70 per share.  Full Article

GEO Group provides update on contract renewal for the D. Ray James Correctional Facility
Friday, 30 Sep 2016 08:15am EDT 

Geo Group Inc : Provides update on contract renewal for the D. Ray James Correctional Facility . BOP extended contract for company-owned D. Ray James Correctional Facility for a two-year renewal term through September 30, 2018 . GEO does not expect to revise its previously issued guidance as a result of this renewal .Contract for housing of up to 1,900 federal inmates with a fixed payment for 1,800 beds.  Full Article

Geo Group announces bank guarantee facility of $76.8 mln
Wednesday, 24 Aug 2016 05:16pm EDT 

Geo Group Inc :On aug 18, executed letter of offer providing for bank guarantee/standby sub-facility in aggregate amount of $76.8 million - sec filing.  Full Article

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BRIEF-Geo Group executes third amended and restated credit agreement

* On March 23, co executed a third amended and restated credit agreement