Florida-based Geo Group has increased the borrowing capacity of its senior credit facility by $250 million. The increase comprises $150 million in borrowings under a new Term Loan A-2, due August in 2015, plus 2.75% and an incremental $100 million in borrowing capacity under GEO’s existing revolving credit facility.

Following the alteration, GEO’s senior credit line is now comprised of $150 million term loan A, due August 2015, $150 million term loan A-2, due August 2015, $200 million term loan B, due August 2016, and $500 million revolving credit facility, due in August 2015. The company used the incremental borrowings of $150 million under GEO’s amended senior credit facility to finance its acquisition of BI.

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