The GEO Group Inc. has announced the completion of the sale of its Lawton Correctional Facility in Lawton, Oklahoma, to the State of Oklahoma for $312 million. The transaction was finalized on July 25, 2025, with the facility's operations transitioning to the Oklahoma Department of Corrections. GEO plans to use the proceeds from the sale to acquire the Western Region Detention Facility in San Diego, California, and to reduce its outstanding senior secured debt. This strategic move is part of GEO's efforts to strengthen its balance sheet and explore future capital returns.
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