07:58 AM EDT, 07/14/2025 (MT Newswires) -- GEO Group ( GEO ) said Monday it has amended its credit agreements to increase its revolving credit facility commitments to $450 million from $310 million.

The company also extended the facility's maturity date to July 14, 2030.

Prior to the amendment, GEO repaid $132 million of the outstanding term loan under the original credit agreement. The company expects to use net proceeds from the sale of its Lawton Correctional Facility in Oklahoma to pay off additional senior secured debt, including the remaining balance of the term loan.

The transactions are expected to reduce GEO's total net debt to about $1.47 billion and position the company to consider potential future capital returns, it said.