The GEO Group Completes New $750 Million Senior Credit Facility; Expects to Close Cornell Merger on August 12, 2010

BOCA RATON, Fla.–(BUSINESS WIRE)–The GEO Group (NYSE: GEO) (GEO) announced today the closing of a new $750.0 million Senior Credit Facility comprised of a five-year, $150.0 million Term Loan A bearing interest at LIBOR plus 2.50%; a six-year, $200.0 million Term Loan B bearing interest at LIBOR plus 3.25% with a LIBOR floor of 1.50%; and a five-year $400.0 million Revolving Credit Facility …