The geo group enters into private exchange agreements with certain 6.50% convertible senior noteholders

Boca raton, fla.--(business wire)--the geo group (nyse: geo) (“geo” or the "company"), announced that it has entered into private exchange agreements with certain holders (the "noteholders") of geo corrections holdings, inc.'s 6.50% exchangeable senior notes due 2026 (the "6.50% exchangeable senior notes"). the noteholders have agreed to exchange $177 million in aggregate principal amount of the outstanding 6.50% exchangeable senior notes for a current estimated valuation of $305 million. the c.
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