Cookies on our website

We use cookies on our website. To learn more about cookies, how we use them on our site and how to change your cookie settings please view our cookie policy. By continuing to use this site without changing your settings you consent to our use of cookies in accordance with our cookie policy.

Read more Close
Skip Ribbon Commands
Skip to main content
Sign In

News

Allen & Overy Advises BNP Paribas on USD1.7 Billion Senior Secured Credit Facilities for The GEO Group

 

30 March 2017

​Allen & Overy represented BNP Paribas as sole arranger and administrative agent in connection with the USD1.7 billion senior secured credit facilities for The GEO Group, Inc. (NYSE: GEO) and its subsidiaries, including a new seven-year USD800 million term loan “B” and a USD900 million revolver with a USD100 million multicurrency subfacility. 

Proceeds of the new term loan were made available to GEO for purposes of refinancing its existing term loan facility, financing permitted acquisitions (including the previously announced USD360 million purchase of Community Education Centers) and payment of related fees, costs and expenses and for general corporate purposes.

The GEO Group, Inc. is a fully integrated equity real estate investment trust (REIT) specializing in the design, financing, development and operation of correctional, detention and community reentry facilities worldwide, with operations in the United States, Australia, South Africa and the United Kingdom.

The A&O Leveraged Finance team was led by partner Todd Koretzky and included associate James Cheng, both based in our New York office, with Australia advice provided by partner David Christensen and associate Li Lin in our Sydney office.

For further information, please contact Lee Garfinkle at lee.garfinkle@allenovery.com or +1-646-344-6781.

 

Authors

 

News search




Related people

​Related expertise

 

Leveraged Finance

Banking and Finance



  • Add comment (optional)