GEO Group amends credit agreement, easing restricted payments covenant limit
On November 13, 2025, GEO Group and GEO Corrections Holdings entered a Second Amendment to their Credit Agreement with Citizens Bank, N.A. as administrative agent. The amendment removes the 3.00 to 1.00 total leverage ratio hurdle from one-half of a $150.0 million general carve-out for restricted payments, which gives the company more flexibility to make such payments under the agreement.
Key points
- Amendment dated November 13, 2025, filed as Exhibit 10.1
- Removes 3.00 to 1.00 total leverage ratio hurdle from one-half of the $150.0 million general carve-out for restricted payments
- Citizens Bank, N.A. serves as administrative agent; the filing discloses no new borrowing amount
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 18, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.