Attached files
file | filename |
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8-K - 8-K - GEO GROUP INC | g20840e8vk.htm |
EX-4.1 - EXHIBIT 4.1 - GEO GROUP INC | g20840exv4w1.htm |
EX-10.3 - EXHIBIT 10.3 - GEO GROUP INC | g20840exv10w3.htm |
EX-10.1 - EXHIBIT 10.1 - GEO GROUP INC | g20840exv10w1.htm |
EX-99.1 - EXHIBIT 99.1 - GEO GROUP INC | g20840exv99w1.htm |
EX-10.2 - EXHIBIT 10.2 - GEO GROUP INC | g20840exv10w2.htm |
Exhibit 99.2
CR-09-30
THE GEO GROUP ANNOUNCES EARLY RESULTS IN CONNECTION
WITH THE TENDER OFFER FOR ITS 8.25% SENIOR NOTES DUE 2013
WITH THE TENDER OFFER FOR ITS 8.25% SENIOR NOTES DUE 2013
Boca Raton, Fla. October 20, 2009 The GEO Group (NYSE: GEO) (GEO) announced the results to
date of the cash tender offer for any and all of its $150,000,000 aggregate principal amount of its
8.25% Senior Notes due 2013, CUSIP No. 36159RAA1 (the Notes).
As of 5:00 p.m., New York City time, on October 19, 2009, which was the Early Tender Date for the
tender offer, the company received valid tenders from holders of $130,150,000 in aggregate
principal amount of the Notes. This represents 86.8% of the outstanding principal amount of the
Notes.
Holders of Notes who tendered their Notes prior to the Early Tender Date, and whose Notes are
accepted for purchase, will receive the Total Consideration of $1,030 per $1,000 principal amount
of Notes which includes the Early Tender Payment of $30.00 per $1,000 principal amount of Notes
validly tendered. GEO expects to settle all Notes tendered by the Early Tender Date on October 20,
2009.
The tender offer remains open and will expire at 11:59 p.m., New York City time, on November 2,
2009 (the Expiration Date). Holders of Notes who tender after the Early Tender Date but prior to
the Expiration Date will receive the Tender Offer Consideration of $1,000 per $1,000 principal
amount of Notes payable on the final payment date of November 3, 2009. All holders will receive
accrued interest up to but not including the applicable payment date. GEO plans to call for
redemption all Notes not tendered by the Early Tender Date.
The terms and conditions of the tender offer are set forth in the Offer to Purchase dated October
5, 2009 (the Offer to Purchase). GEO may amend, extend or, subject to certain conditions,
terminate the tender offer.
GEO has retained BofA Merrill Lynch, SunTrust Robinson Humphrey, Wells Fargo Securities, BNP
Paribas and Barclays Capital as dealer managers in connection with the tender offer. Questions
regarding the tender offer and requests for documents may be directed to BofA Merrill Lynch, Global
Debt Advisory Services, at (888) 292-0070 (U.S. toll-free) and (980) 388-9217 (collect). Copies of
the Offer to Purchase can also be obtained from the information agent, Global Bondholder Services
Corporation at (866) 795-2200 (U.S. toll-free) and (212) 430-3774 (collect).
This news release shall not constitute an offer to purchase or a solicitation of an offer to
purchase with respect to any securities. Any such offer or solicitation will be made only by means
of the Offer to Purchase.
-More-
The GEO Group, Inc. (GEO) is a world leader in the delivery of correctional, detention, and
residential treatment services to federal, state, and local government agencies around the globe.
GEO offers a turnkey approach that includes design, construction, financing, and operations. GEO
represents government clients in the United States, Australia, South Africa, and the United
Kingdom. GEOs worldwide operations include the management and/or ownership of 62 correctional and
residential treatment facilities with a total design capacity of approximately 60,000 beds,
including projects under development.
This news release contains forward-looking statements regarding future events and future
performance of GEO that involve risks and uncertainties that could materially affect actual
results, including statements regarding estimated earnings, revenues and costs and its ability to
maintain growth and strengthen contract relationships. Factors that could cause actual results to
vary from current expectations and forward-looking statements contained in this news release
include, but are not limited to: (1) GEOs ability to successfully pursue further growth and
continue to enhance shareholder value; (2) GEOs ability to access the capital markets in the
future on satisfactory terms or at all; (3) risks associated with GEOs ability to control
operating costs associated with contract start-ups; (4) GEOs ability to timely open facilities as
planned, profitably manage such facilities and successfully integrate such facilities into GEOs
operations without substantial costs; (5) GEOs ability to win management contracts for which it
has submitted proposals and to retain existing management contracts; (6) GEOs ability to obtain
future financing on acceptable terms; (7) GEOs ability to sustain company-wide occupancy rates at
its facilities; and (8) other factors contained in GEOs Securities and Exchange Commission
filings, including the forms 10-K, 10-Q and 8-K reports.
-End-