GEO Group (NYSE: GEO) raises revolver to $550M, trims future incremental debt

Rhea-AI Filing Summary

The GEO Group, Inc. amended its main credit agreement, increasing its revolving credit facility commitments from $450 million to $550 million. At the same time, the amendment reduced the future Incremental Amount the company may request, cutting it from $250 million to $150 million for additional term loans, incremental equivalent debt or further increases to the revolver, subject to conditions in the amended agreement. GEO also noted that it issued a press release announcing the closing of this third amendment.

Insights

Credit & Capital Structure Analyst

GEO ups revolver capacity while trimming future incremental debt room.

The GEO Group has adjusted its syndicated credit facility by raising the revolving credit commitments from $450 million to $550 million. A larger revolver can provide more short‑term liquidity for working capital, letters of credit, or other general corporate needs, within the constraints of the existing covenants.

In exchange, the amendment reduces the defined Incremental Amount from $250 million to $150 million. This caps the additional term loans, incremental equivalent debt, or further revolver increases the company may request under the agreement, which modestly limits future debt add‑ons under this specific facility.

Overall, this is a targeted capital structure adjustment rather than a new financing transaction; actual impact will depend on how much of the expanded $550 million revolver GEO chooses to draw over time.

GEO GROUP INC false 0000923796 0000923796 2026-01-20 2026-01-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 20, 2026

THE GEO GROUP, INC.

(Exact Name of Registrant as Specified in its Charter)

Florida		1-14260		65-0043078
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

4955 Technology Way, Boca Raton, Florida		33431
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code (561) 893-0101

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, $0.01 Par Value		GEO		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 1 Registrant’s Business and Operations

Item 1.01 Entry into a Material Definitive Agreement.

On January 20, 2026, The GEO Group, Inc. (“GEO” or the “Company”) entered into that certain Third Amendment to Credit Agreement (the “Amendment”), by and among each of GEO and GEO Corrections Holdings, Inc., as the Borrowers, the other loan parties named therein, Citizens Bank, N.A., as administrative agent, and the lenders party thereto. The Amendment increased the revolving credit facility commitments from $450 million to $550 million. The Amendment decreased the Incremental Amount (as defined in the Amendment) from $250 million to $150 million that the Company may request in the future in additional term loans, incremental equivalent debt or an increase to the revolving credit facility commitments, subject to the satisfaction of the applicable conditions in the Amendment and the credit agreement. The foregoing summary is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 hereto to this Current Report on Form 8-K (the “Form 8-K”) and incorporated by reference herein.

Section 2 Financial Information

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Form 8-K is incorporated herein by reference.

Section 7 Regulation FD

Item 7.01. Regulation FD Disclosure.

On January 22, 2026, the Company issued a press release announcing the closing of the Amendment, which is furnished as Exhibit 99.1 to this Form 8-K.

The information furnished in this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The filing of this Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information herein.

Section 9 Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1		Third Amendment to Credit Agreement, dated as of January 20, 2026, among The GEO Group, Inc. and GEO Corrections Holdings, Inc., as borrowers, Citizens Bank, N.A. as Administrative Agent, the other loan parties thereto and the other lender parties thereto.
99.1		Press release issued by The GEO Group, Inc. on January 22, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

January 26, 2026				By:		/s/ Mark J. Suchinski
Date						Mark J. Suchinski
						Senior Vice President and Chief Financial Officer
						(Principal Financial Officer)

FAQ

What key financing change did The GEO Group (GEO) disclose in this 8-K?

The company amended its credit agreement to increase its revolving credit facility commitments from $450 million to $550 million, expanding its available borrowing capacity under the revolver.

How did the amendment affect GEOs ability to incur additional incremental debt?

The amendment reduced the Incremental Amount from $250 million to $150 million, limiting the size of future additional term loans, incremental equivalent debt or further revolver increases that may be requested under the agreement.

Who are the main parties to The GEO Groups amended credit agreement?

The amendment is among The GEO Group, Inc. and GEO Corrections Holdings, Inc. as borrowers, Citizens Bank, N.A. as administrative agent, and the other loan parties and lenders named in the agreement.

Did The GEO Group issue any public communication about closing the amendment?

Yes. On January 22, 2026, the company issued a press release announcing the closing of the Third Amendment to its credit agreement, which is furnished as Exhibit 99.1.

Are the press release and credit agreement amendment incorporated into GEOs other securities filings?

The company states that the information furnished under Item 7.01, including Exhibit 99.1, is not deemed filed or incorporated by reference into other Securities Act or Exchange Act filings, except where specifically referenced.