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v3.20.4

Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Instrument [Line Items] |
Summary of Debt | Debt consisted of the following (in thousands):
|  | December 31, 2020 |  |  | December 31, 2019 |
Senior Credit Facility: |  |  |  |  |  |  |  |
Term loan |  | $ | 770,000 |  |  | $ | 778,000 |
Unamortized debt issuance costs on term loan |  |  | (4,043 | ) |  |  | (5,410 | )
Unamortized discount on term loan |  |  | (1,705 | ) |  |  | (2,281 | )
Revolver |  |  | 704,437 |  |  |  | 520,671 |
Total Senior Credit Facility |  | $ | 1,468,689 |  |  | $ | 1,290,980 |
6.00% Senior Notes: |  |  |  |  |  |  |  |
Notes Due in 2026 |  | $ | 350,000 |  |  | $ | 350,000 |
Unamortized debt issuance costs |  |  | (3,709 | ) |  |  | (4,282 | )
Total 6.00% Senior Notes Due in 2026 |  | $ | 346,291 |  |  | $ | 345,718 |
5.875% Senior Notes: |  |  |  |  |  |  |  |
Notes Due in 2024 |  | $ | 242,500 |  |  | $ | 250,000 |
Unamortized debt issuance costs |  |  | (2,000 | ) |  |  | (2,532 | )
Total 5.875% Senior Notes Due in 2024 |  | $ | 240,500 |  |  | $ | 247,468 |
5.125% Senior Notes: |  |  |  |  |  |  |  |
Notes Due in 2023 |  | $ | 281,783 |  |  | $ | 300,000 |
Unamortized debt issuance costs |  |  | (2,033 | ) |  |  | (2,876 | )
Total 5.125% Senior Notes Due in 2023 |  | $ | 279,750 |  |  | $ | 297,124 |
5.875% Senior Notes: |  |  |  |  |  |  |  |
Notes Due in 2022 |  | $ | 193,958 |  |  | $ | 193,958 |
Unamortized debt issuance costs |  |  | (710 | ) |  |  | (1,351 | )
Total 5.875% Senior Notes Due in 2022 |  | $ | 193,248 |  |  | $ | 192,607 |
Non-Recourse Debt: |  |  |  |  |  |  |  |
Non-Recourse Debt |  | $ | 344,614 |  |  | $ | 328,178 |
Unamortized debt issuance costs on non-recourse debt |  |  | (5,237 | ) |  |  | (5,279 | )
Discount on Non-Recourse Debt |  |  | (25 | ) |  |  | (81 | )
Total Non-Recourse Debt |  | $ | 339,352 |  |  | $ | 322,818 |
Finance Lease Obligations |  |  | 5,029 |  |  |  | 4,570 |
Other debt |  |  | 42,413 |  |  |  | 43,410 |
Total debt |  | $ | 2,915,272 |  |  | $ | 2,744,695 |
Current portion of finance lease obligations, long-term debt and non-recourse debt |  |  | (26,180 | ) |  |  | (24,208 | )
Finance Lease Obligations, long-term portion |  |  | (2,988 | ) |  |  | (2,954 | )
Non-Recourse Debt, long-term portion |  |  | (324,223 | ) |  |  | (309,236 | )
Long-Term Debt |  | $ | 2,561,881 |  |  | $ | 2,408,297 |
Debt Repayment Schedules Under Capital Lease Obligations, Long-Term Debt and Non-Recourse Debt | Debt repayment schedules under Finance Lease Obligations, Long-Term Debt, Non-Recourse Debt and the Senior Credit Facility are as follows:
Fiscal Year |  | Finance Leases |  |  | Long-Term Debt |  |  | Non- Recourse Debt |  |  | Revolver |  |  | Term Loans |  |  | Total Annual Repayment |
|  | (In thousands) |
2021 |  | $ | 2,433 |  |  | $ | 1,071 |  |  | $ | 15,446 |  |  | $ | — |  |  | $ | 8,000 |  |  | $ | 26,950 |
2022 |  |  | 1,729 |  |  |  | 195,075 |  |  |  | 8,487 |  |  |  | — |  |  |  | 8,000 |  |  |  | 213,291 |
2023 |  |  | 497 |  |  |  | 282,949 |  |  |  | 9,033 |  |  |  | — |  |  |  | 8,000 |  |  |  | 300,479 |
2024 |  |  | 497 |  |  |  | 243,708 |  |  |  | 9,549 |  |  |  | 704,437 |  |  |  | 746,000 |  |  |  | 1,704,191 |
2025 |  |  | 274 |  |  |  | 1,274 |  |  |  | 10,274 |  |  |  | — |  |  |  | — |  |  |  | 11,822 |
Thereafter |  |  | — |  |  |  | 387,262 |  |  |  | 291,825 |  |  |  | — |  |  |  | — |  |  |  | 679,087 |
|  |  | 5,430 |  |  |  | 1,111,339 |  |  |  | 344,614 |  |  |  | 704,437 |  |  |  | 770,000 |  |  |  | 2,935,820 |
Interest imputed on Capital Leases |  |  | (401 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (401 | )
Original issue discount |  |  | — |  |  |  | — |  |  |  | (25 | ) |  |  | — |  |  |  | (1,705 | ) |  |  | (1,730 | )
Current portion |  |  | (2,041 | ) |  |  | (1,071 | ) |  |  | (15,446 | ) |  |  | — |  |  |  | (8,000 | ) |  |  | (26,558 | )
Non-current portion |  | $ | 2,988 |  |  | $ | 1,110,268 |  |  | $ | 329,143 |  |  | $ | 704,437 |  |  | $ | 760,295 |  |  | $ | 2,907,131 |
6.00% Senior Notes due 2026 | Senior Notes |
Debt Instrument [Line Items] |
Debt Instrument Redemption | On or after April 15, 2021, GEO may, at its option, redeem all or part of the 6.00% Senior Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the 6.00% Senior Notes redeemed, to the applicable redemption date, if redeemed during the 12-month period beginning on April 15 of the years indicated below:
Year |  | Percentage |
2022 |  |  | 102.000 | %
2023 |  |  | 101.000 | %
2024 and thereafter |  |  | 100.000 | %
5.875% Senior Notes due 2024 | Senior Notes |
Debt Instrument [Line Items] |
Debt Instrument Redemption | The Company could have, at its option, redeemed the 5.875% Senior Notes due 2024 in whole or in part before October 15, 2019 at a redemption price equal to 100% of the principal amount of the 5.875% Senior Notes due 2024 being redeemed plus a “make-whole” premium, together with accrued and unpaid interest, if any, to the redemption date. In addition, the Company may, at its option, redeem the 5.875% Senior Notes due 2024 in whole or in part on or after October 15, 2019 through 2024 and thereafter as indicated below:
Year |  | Percentage |
2021 |  |  | 100.979 | %
2022 and thereafter |  |  | 100.000 | %
5.125% Senior Notes due 2023 | Senior Notes |
Debt Instrument [Line Items] |
Debt Instrument Redemption | At any time prior to April 1, 2018, the Company could have, at its option, redeemed all or a part of the 5.125% Senior Notes upon not less than 30 days nor more than 60 days prior notice at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium (as defined in the indenture) as of the date of redemption, plus (iii) accrued and unpaid interest and liquidated damages, if any, to the date of redemption. On or after April 1, 2018, the Company may, at its option, redeem all or a part of the 5.125% Senior Notes upon not less than 30 days nor more than 60 days notice at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest and liquidated damages, if any, on the 5.125% Senior Notes redeemed, to the applicable redemption date, if redeemed during the period beginning on April 1 of the years indicated below:
Year |  | Percentage |
2021 and thereafter |  |  | 100.000 | %
5.875% Senior Notes due 2022 | Senior Notes |
Debt Instrument [Line Items] |
Debt Instrument Redemption | On or after January 15, 2017, GEO may, at its option, redeem all or part of the 5.875% Senior Notes 2022 upon not less than 30 days nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest and including liquidated damages, if any, on the 5.875% Senior Notes due 2022 redeemed, to the applicable redemption date, if redeemed during the 12-month period beginning on January 15 of the years indicated below:
Year |  | Percentage |
2021 and thereafter |  |  | 100.000 | %

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