The Geo Group To Acquire Detention Facility In San Diego For $60 Million
ReutersJul 1, 2025 10:58 AM
July 1 (Reuters) - Geo Group Inc GEO.N:
THE GEO GROUP ANNOUNCES IT HAS ENTERED INTO A PURCHASE AGREEMENT TO ACQUIRE THE 770-BED WESTERN REGION DETENTION FACILITY IN SAN DIEGO, CALIFORNIA FOR $60 MILLION
GEO GROUP INC - PURCHASE EXPECTED TO BE ACCRETIVE TO ANNUALIZED ADJUSTED EBITDA
GEO GROUP INC - TO USE PROCEEDS TO PAY OFF $300 MILLION IN FLOATING RATE DEBT
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