GEO Group Completes Sale of Lawton Facility for $312 Million-February 2024-www.financetom.com

GEO Group Completes Sale of Lawton Facility for $312 Million

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GEO Group Completes Sale of Lawton Facility for $312 Million

Jul 28, 2025 4:51 AM

07:33 AM EDT, 07/28/2025 (MT Newswires) -- GEO Group ( GEO ) said Monday it completed the sale of its Lawton Correctional Facility in Oklahoma to the state for $312 million and transferred operations to the Oklahoma Department of Corrections.

The company said it plans to use proceeds from the sale to acquire the 770-bed Western Region Detention Facility located in San Diego, California, and pay off additional senior secured debt, including the remaining balance of the Term Loan B.

The transactions are expected to lower its net debt to about $1.47 billion, GEO Group ( GEO ) added.

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