GEO Group ($GEO (-2,62 %) ), a prison operator has today reached a new 4 year ATH due to an agreement reached with certain creditors to settle debt due in 2 years.

Geo Group announced that the creditors had agreed to pay 177 million US dollars of the Senior Note Bond (6.5% yield, 2026 maturity) in exchange for 305 million US dollars swap.

In addition, GEO Group announced on Thursday that it has completed a private placement of senior notes bonds totaling 1.28 billion US dollars completed. These bonds have a maturity date of 2029 and 2031.

The company estimates, together with another loanprofits of around 1.67 billion US dollars.