10:35 AM EDT, 04/03/2024 (MT Newswires) -- GEO Group ( GEO ) said Wednesday it plans a $1.2 billion private offering of senior notes.

The offering will consist of $700 million of notes due 2029 and $500 million of notes due 2031.

The company said it will use the proceeds from the offering, borrowings under a contemplated new $400 million term loan B under a new senior secured credit facility, and cash on hand to refinance about $1.5 billion of existing debt.

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