Geo Group Inc (the) Reit · NYSE:GEO
Geo Group Inc (the) Reit — GEO Group — Debt Investor Presentation (May 2022)
10 slides from Geo Group Inc (the) Reit's debt investor presentation, May 2, 2022
Slide 1: Liability Management Transaction Proposals
Exhibit 99.1 CONFIDENTIAL C O N F I D E N T I A L M A Y 2 0 2 2 Liability Management Transaction Proposals
Slide 2: Disclaimer
CONFIDENTIAL Disclaimer Confidentiality The information in this presentation (together with the information set forth herein and any oral statements made in connection herewith, the “Presentation”) was previously delivered to certain parties on a confidential basis by The GEO Group, Inc. and certain
Slide 3: Summary of Term Sheets: Amend & Extend of Secured Debt
CONFIDENTIAL Summary of Term Sheets: Amend & Extend of Secured Debt 1 GEO Proposal (04/21/22 and 04/23/22) Term Lender Group Counter (04/29/22) · Existing TL: Each participating lender can elect either: · Existing TL: Each participating lender can elect either: - Option A: Exchange at par for (i) pr
Slide 4: Summary of Term Sheets: Amend & Extend of Secured Debt (cont'd)
CONFIDENTIAL Summary of Term Sheets: Amend & Extend of Secured Debt (cont’d) GEO Proposal (04/21/22 and 04/23/22) Term Lender Group Counter (04/29/22) · Existing TL: 70% · Existing TL: Previously agreed · Existing RCF: 100% · Existing RCF: Previously agreed Minimum · 2023 and 2024 Notes: 50%· 2023 a
Slide 5: Summary of Term Sheets: Amend & Extend of Secured Debt (cont'd)
CONFIDENTIAL Summary of Term Sheets: Amend & Extend of Secured Debt (cont’d) GEO Proposal (04/21/22 and 04/23/22) Term Lender Group Counter (04/29/22) · Exchange RCF: SOFR + 225-325 bps; 75 bps floor · Exchange RCF: Previously agreed · Tranche 1 Exchange TL: SOFR + 675 bps; 75 bps floor · Tranche 1
Slide 6: Summary of Term Sheets: Amend & Extend of Secured Debt (cont'd)
CONFIDENTIAL Summary of Term Sheets: Amend & Extend of Secured Debt (cont’d) GEO Proposal (04/21/22 and 04/23/22) Term Lender Group Counter (04/29/22) 1 · Quarterly 80% ECF sweep post-closing · Previously agreed - 35% to Stub TL and 65% split pro rata between Tranche 1 & 2 - Previously agreed Exchan
Slide 7: Summary of Term Sheets: Amend & Extend of Secured Debt (cont'd)
CONFIDENTIAL Summary of Term Sheets: Amend & Extend of Secured Debt (cont’d) GEO Proposal (04/21/22 and 04/23/22) Term Lender Group Counter (04/29/22) · For six months following the closing date, RCF lenders shall not sell > 50% · Previously agreed of the Tranche 2 Exchange TL allocated to each such
Slide 8: Summary of Term Sheets: Amend & Extend of Secured Debt (cont'd)
CONFIDENTIAL Summary of Term Sheets: Amend & Extend of Secured Debt (cont’d) GEO Proposal (04/21/22 and 04/23/22) Term Lender Group Counter (04/29/22) · Restricted Payments: · Restricted Payments: - Other than customary, ordinary course exceptions consistent with the - Other than customary, ordinary
Slide 9: Exchange of Senior Notes
CONFIDENTIAL Summary of Term Sheets: Exchange of Senior Notes 1 Noteholder Group Proposal (04/13/22) GEO Counter (4/21/22) · 2023 Notes: Offer to exchange existing notes for: (A) 70% cash and 30% · 2023 Notes: Previously agreed Exchange 2L Notes or (B) New 2L Notes at 105% - Any noteholder who execu
Slide 10: Exchange of Senior Notes (cont'd)
CONFIDENTIAL Summary of Term Sheets: Exchange of Senior Notes Noteholder Group Proposal (04/13/22) GEO Counter (04/21/22) 2 · Net secured leverage ratio through second lien, total leverage ratio and · Total Net Leverage: 6.50x interest coverage ratio; subject to documentation Financial · Secured Net