Thu. 4 Apr 2024, 5:32pm ET
Benzinga
News, Offerings
The company priced a private offering of $1.275 billion of senior notes, comprised of $650.0 million of 8.625% senior secured notes due 2029 and $625.0 million of 10.25% senior unsecured notes due 2031. The offering of the Notes and the new Term Loan are expected to result in net proceeds of approximately $1.67 billion, after deducting the initial purchasers' discount and estimated expenses payable by GEO.