Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt consisted of the following (in thousands):

	December 31, 2021			December 31, 2020
Senior Credit Facility:
Term loan	$	762,000		$	770,000
Unamortized debt issuance costs on term loan		(2,733	)		(4,043	)
Unamortized discount on term loan		(1,152	)		(1,705	)
Revolver		784,895			704,437
Total Senior Credit Facility	$	1,543,010		$	1,468,689
6.50% Exchangeable Senior Notes:
Notes Due in 2026	$	230,000		$	—
Unamortized debt issuance costs		(8,246	)		—
Total 6.50% Exchangeable Senior Notes Due in 2026	$	221,754		$	—
6.00% Senior Notes:
Notes Due in 2026	$	350,000		$	350,000
Unamortized debt issuance costs		(3,099	)		(3,709	)
Total 6.00% Senior Notes Due in 2026	$	346,901		$	346,291
5.875% Senior Notes:
Notes Due in 2024	$	225,293		$	242,500
Unamortized debt issuance costs		(1,410	)		(2,000	)
Total 5.875% Senior Notes Due in 2024	$	223,883		$	240,500
5.125% Senior Notes:
Notes Due in 2023	$	259,275		$	281,783
Unamortized debt issuance costs		(1,221	)		(2,033	)
Total 5.125% Senior Notes Due in 2023	$	258,054		$	279,750
5.875% Senior Notes:
Notes Due in 2022	$	—		$	193,958
Unamortized debt issuance costs		—			(710	)
Total 5.875% Senior Notes Due in 2022	$	—		$	193,248
Non-Recourse Debt:
Non-Recourse Debt	$	310,108		$	344,614
Unamortized debt issuance costs on non-recourse debt		(4,556	)		(5,237	)
Discount on Non-Recourse Debt		—			(25	)
Total Non-Recourse Debt	$	305,552		$	339,352
Finance Lease Obligations		3,843			5,029
Other debt		41,363			42,413
Total debt	$	2,944,360		$	2,915,272
Current portion of finance lease obligations, long-term debt and non-recourse debt		(18,568	)		(26,180	)
Finance Lease Obligations, long-term portion		(1,977	)		(2,988	)
Non-Recourse Debt, long-term portion		(297,856	)		(324,223	)
Long-Term Debt	$	2,625,959		$	2,561,881

Debt Repayment Schedules Under Capital Lease Obligations, Long-Term Debt and Non-Recourse Debt

Debt repayment schedules under Finance Lease Obligations, Long-Term Debt, Non-Recourse Debt and the Senior Credit Facility are as follows:

Fiscal Year	Finance Leases			Long-Term Debt			Non- Recourse Debt			Revolver		Term Loans			Total Annual Repayment
	(In thousands)
2022	$	1,992		$	1,006		$	7,696		$	—	$	8,000		$	18,694
2023		759			260,441			8,510			—		8,000			277,710
2024		759			226,507			8,996			784,895		746,000			1,767,157
2025		536			1,274			9,679			—		—			11,489
2026		28			581,325			10,254			—		—			591,607
Thereafter		—			36,015			264,973			—		—			300,988
		4,074			1,106,568			310,108			784,895		762,000			2,967,645
Interest imputed on finance leases		(231	)		—			—			—		—			(231	)
Original issue discount		—			—			0			—		(1,152	)		(1,152	)
Current portion		(1,866	)		(1,006	)		(7,696	)		—		(8,000	)		(18,568	)
Non-current portion	$	1,977		$	1,105,562		$	302,412		$	784,895	$	752,848		$	2,947,694

Senior Notes | 6.00% Senior Notes due 2026

Debt Instrument [Line Items]

Debt Instrument Redemption

On or after April 15, 2021, GEO may, at its option, redeem all or part of the 6.00% Senior Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the 6.00% Senior Notes redeemed, to the applicable redemption date, if redeemed during the 12-month period beginning on April 15 of the years indicated below:

Year	Percentage
2022		102.000	%
2023		101.000	%
2024 and thereafter		100.000	%

Senior Notes | 5.875% Senior Notes due 2024

Debt Instrument [Line Items]

Debt Instrument Redemption

The Company could have, at its option, redeemed the 5.875% Senior Notes due 2024 in whole or in part before October 15, 2019 at a redemption price equal to 100% of the principal amount of the 5.875% Senior Notes due 2024 being redeemed plus a “make-whole” premium, together with accrued and unpaid interest, if any, to the redemption date. In addition, the Company may, at its option, redeem the 5.875% Senior Notes due 2024 in whole or in part on or after October 15, 2019 through 2024 and thereafter as indicated below:

Year	Percentage
2022 and thereafter		100.000	%

Senior Notes | 5.125% Senior Notes due 2023

Debt Instrument [Line Items]

Debt Instrument Redemption

At any time prior to April 1, 2018, the Company could have, at its option, redeemed all or a part of the 5.125% Senior Notes upon not less than 30 days nor more than 60 days prior notice at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium (as defined in the indenture) as of the date of redemption, plus (iii) accrued and unpaid interest and liquidated damages, if any, to the date of redemption. On or after April 1, 2018, the Company may, at its option, redeem all or a part of the 5.125% Senior Notes upon not less than 30 days nor more than 60 days notice at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest and liquidated damages, if any, on the 5.125% Senior Notes redeemed, to the applicable redemption date, if redeemed during the period beginning on April 1 of the years indicated below:

Year	Percentage
2021 and thereafter		100.000	%