Subsequent Events

3 Months Ended

Mar. 31, 2018

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

Dividend

On April 11, 2018, the Board of Directors declared a quarterly cash dividend of $0.47 per share of common stock which will be paid on May 3, 2018 to shareholders of record as of the close of business on April 23, 2018.

Options and Restricted Stock Awards

On February 12, 2018, the Compensation Committee of the Board of Directors resolved to grant approximately

562,000 options and 914,000 shares of restricted stock to certain employees of the Company, subject to shareholder approval,

effective April 24, 2018. Of the total shares of restricted stock granted, 352,500 are performance-based awards

which vest subject to the achievement of certain total shareholder return and return on capital employed metrics over a three

year period.

Credit Agreement

On April 30, 2018, the Company executed an amendment to its third amended and restated credit agreement by and

among The GEO Group, Inc. and GEO Corrections Holdings, Inc., BNP Paribas, as Administrative Agent, and the lenders who

are, or may from time to time become a party thereto. As a result of the amendment, the refinancing lenders will make new

terms loans for the purposes of refinancing all of the outstanding term loans under the Company’s existing Credit Agreement.

The amendment refinances GEO’s prior Term Loan’s interest rate from LIBOR plus 2.25% to LIBOR plus 2.00%.