THE GEO GROUP, INC. Item 2.02 Results of Operations and Financial Condition.
The disclosures contained in Item 7.01 (including Exhibit 99.1) below with respect to the registrant's historic results of operations or financial condition are incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
Beginning in
In connection with these discussions, the Company delivered a presentation and
an initial proposal for a Potential Transaction to the
As of
Although the Company anticipates that negotiations with the above-referenced
creditor groups toward a Potential Transaction will continue, in accordance with
the terms of its non-disclosure agreements with the
For information concerning the
The information furnished in Item 2.02 above and this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The filing of this Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.
Forward-looking statements
This Current Report on Form 8-K (including Exhibit 99.1 hereto) contains forward-looking statements regarding future events and future performance of GEO that involve risks and uncertainties that could materially and adversely affect actual results, including statements regarding GEO's proposed steps and potential alternatives to address its future debt maturities. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate," or "continue" or the negative of such words and similar expressions. Risks and uncertainties that could cause actual results to vary from current expectations and forward-looking statements contained in this Current Report include, but are not limited to: (i) GEO's ability to meet its financial guidance for 2021 given the various risks to which its business is exposed; (ii) GEO's ability to reach agreement concerning a Potential Transaction on advantageous terms or at all, or otherwise deleverage and repay, refinance, or otherwise address its debt maturities in an amount or on the timeline it expects, or at all; (iii) GEO's ability to obtain financing or access the capital
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markets in the future on acceptable terms or at all; (iv) GEO's ability to
identify and successfully complete any potential sales of additional
Company-owned assets on commercially advantageous terms on a timely basis, or at
all; (v) general economic and market conditions, including changes to
governmental budgets and its impact on new contract terms, contract renewals,
renegotiations, per diem rates, fixed payment provisions, and occupancy levels;
(vi) GEO's ability to successfully pursue growth and continue to create
shareholder value; and (vii) a variety of other factors contained in GEO's other
filings with the
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: Exhibit Number Description of Exhibit 99.1 Potential Transaction Information 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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