Geo Group Lenders Prep for Debt Talks With Prison Operator (1)

Lenders to private prison operator Geo Group Inc. are gearing up for debt talks, according to people with knowledge of the matter, hiring lawyers and interviewing financial advisers to protect their interests in the discussions.

A group of term loan holders tapped law firm Gibson Dunn & Crutcher while bondholders hired lawyers from Akin Gump Strauss Hauer & Feld, said the people, who asked not to be identified because the information is private. Both groups are interviewing financial advisory firms, they added.

The creditors are expecting Geo Group to negotiate a maturity extension on its 2024 term loan or ...