Shearman & Sterling represented the initial purchasers in connection with a private placement of $300 million aggregate principal amount of The GEO Group, Inc.’s (“GEO”) 6⅝% Senior Notes due 2021 pursuant to Rule 144A and Regulation S. Proceeds from the sale, along with additional borrowings under GEO’s credit facility, were used to fund GEO’s concurrent acquisition of BII Holding Corporation, the owner of B.I. Incorporated.

GEO is a leading provider of government-outsourced services specializing in the management of correctional, detention, mental health, residential treatment and re-entry facilities, and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada. B.I. Incorporated is a private provider of innovative compliance technologies, industry-leading monitoring services and evidence-based supervision and treatment programs for community-based parolees, probationers and pretrial defendants and is the largest provider of comprehensive electronic monitoring services, tracking more than 60,000 offenders on behalf of approximately 900 federal, state and local correctional agencies in all 50 states.

The Shearman & Sterling team advising the initial purchasers included partners Andrew Schleider (New York-Capital Markets) and Bernie Pistillo (New York-Tax); counsels Brad Kern (San Francisco-Capital Markets), Adam Noah (San Francisco-Intellectual Property Transactions) and Jason Pratt (New York-Real Estate/Environmental); and associates Marwa Elborai (New York-Capital Markets), Tina Varghese (New York-Capital Markets), Anthony Mascarenhas (New York-Capital Markets), Shiu-Kay Hung (New York-Tax), Jordan Altman (New York-Intellectual Property Transactions), Seth Kerschner (New York-Real Estate/Environmental) and Christopher Greer (New York-Real Estate).