GEO News and Press, Geo Group Inc REIT From 09/22/22

Summary GEO has managed to refinance its debt, leaving room for a dividend payment or share buyback program. Revenue was up 4% year-over-year, and they are raising their outlook for FY2022. The improved financial situation, the potential to initiate a share buyback program or ...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Shutterstock Yesterday morning, at least one Tesla (NASDAQ: TSLA ) Megapack battery caught fire at one of PG&E’s (NYSE: PCG ) shared energy storage facilities in Monterey, California. A ...

The GEO Group ( NYSE: GEO ) announced on Wednesday the completion of $84.4M asset sale and repayment of remaining $146.9M in term loans due in 2024. The government service provider completed the sale of its equity investment interest in the government-owned Ravenhall Corre...

GEO’s Outstanding Debt Maturities Due Prior to 2026 Reduced from $2 Billion to $23 Million The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that it completed the sale of its equity investment interest in the gove...

Summary Every successful investor needs a team to make good decisions and the most important person on that team is their spouse or significant other. Investing is hard enough when you only need to be accountable to yourself. When you share your life and money with someone else, t...

Summary Inflation and (expected) actions by the Federal Reserve continue to dominate market movements. Markets remain very volatile following record inflation readings paired with an aggressive Fed and negative consumer sentiment. US inflation is softening in July but continues to...

The GEO Group ( NYSE: GEO ) will redeem all of the remaining $125.73M in aggregate principal amount of its 5.125% Senior Notes due April 1, 2023 on Oct. 06, 2022. The notes will be redeemed at a price of $1,000 per $1,000 original principal amount, plus any accrued and unp...

The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) has delivered a notice of redemption for all of the remaining $125,734,000 in outstanding aggregate principal amount of its 5.125% Senior Notes due April 1, 2023 (CUSIP No. 36159RAG8) (the ...

Summary CoreCivic is now in a strong financial position and has launched a generous share buyback program to reward shareholders. The buyback yield is calculated around 16%. CoreCivic's generous buyback program should drive the share price up sharply. Don't let CoreCivic's neg...

Summary GEO successfully managed its near-term maturity wall via an amend & extend transaction. This transaction allows and forces GEO to delever via an 80% excess cash flow sweep. GEO is guiding 3.5x and 3.0x leverage by the end of 2023 and 2024, which looks achievable. ...