GEO Redeems Entire Outstanding Principal of $650 Million Senior Secured Notes due 2029

07:42 AM EDT, 10/19/2026 (MT Newswires) -- GEO (GEO) completed the redemption of all of the $650 million in outstanding principal of its 8.625% senior secured notes due 2029 on Oct. 15, the company said Monday. GEO said it paid $1,043.13 per $1,000 original principal amount, or approximately $678 million, plus accrued and unpaid interest. Earlier this month, GEO extended the maturity of its $550 million revolving credit facility to July 14, 2031, and increased its restricted payments capacity. The facility had no outstanding borrowings as of Oct. 19, the company said. GEO's outstanding gross debt totaled $625 million as of Oct. 19, excluding approximately $36 million in mortgage debt on its headquarters building, the company said. Shares of the company were up nearly 2% in pre-bell activity on Monday.