Secured Debt Capacity and Related Issues Under The GEO Group’s Debt Documents
In a new report Xtract Research examines debt capacity and related issues under the GEO Group’s debt documents. Q1 2021 hedge fund letters, conferences and more GEO Group's Secured Debt Capacity And Related IssuesHighlights from the report include: The Credit Agreement is a throwback of sorts, as it includes old style maintenance financial covenants, for the benefit of all lenders, tested quarterly. In addition, its debt prepayment covenant actually restricts voluntary repayment of the senior notes, which is of course relevant to the extent any of the senior notes are targeted. GEO did not ent...