GEO Group Sells Lawton Facility for $312 Million, Plans Acquisition in San Diego and Debt Reduction

Reuters
28 Jul
GEO Group Sells Lawton Facility for $312 Million, Plans Acquisition in San Diego and Debt Reduction

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The GEO Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250727157794) on July 28, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10