Social Services

The GEO Group Prices Senior Notes Offering and New Term Loan

Retrieved on: 
Thursday, April 4, 2024
Mental Health, Construction & Property, Law Enforcement, Emergency Services, Professional Services, Public Policy, Government, Building Systems, Social Services, State, Local, Health, Other Construction & Property, Sale, Regulation, News, GEO Group, Retirement, Term loan, GEO, Tranche, Hand, Person

The GEO Group (NYSE: GEO) ("GEO" or the "Company") announced today that it has priced a private offering of $1.275 billion aggregate principal amount of senior notes, comprised of $650.0 million aggregate principal amount of 8.625% senior secured notes due 2029 (the "Secured Notes") and $625.0 million aggregate principal amount of 10.25% senior unsecured notes due 2031 (the "Unsecured Notes" and together with the Secured Notes, the "Notes"), exempt from registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

Key Points: 
  • The GEO Group (NYSE: GEO) ("GEO" or the "Company") announced today that it has priced a private offering of $1.275 billion aggregate principal amount of senior notes, comprised of $650.0 million aggregate principal amount of 8.625% senior secured notes due 2029 (the "Secured Notes") and $625.0 million aggregate principal amount of 10.25% senior unsecured notes due 2031 (the "Unsecured Notes" and together with the Secured Notes, the "Notes"), exempt from registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
  • The Notes will be guaranteed by GEO's domestic subsidiaries that are guarantors under a new senior secured credit facility and outstanding senior notes.
  • The net proceeds of the offering of the Notes, borrowings under the new Term Loan, and cash on hand will be used to refinance approximately $1.5 billion of existing indebtedness, including to fund the refinance, repurchase, redemption or other discharge of the Company’s existing Tranche 1 Term Loan and Tranche 2 Term Loan under its existing senior credit facility, the 9.50% senior second lien secured notes, the 10.50% senior second lien secured notes, and the 6.00% senior notes due 2026, to pay related premiums, transaction fees and expenses.
  • GEO also intends to retire or settle a portion of the 6.50% exchangeable senior notes due 2026 issued by GEO Corrections Holdings, Inc., using shares of GEO common stock and cash.

Ed Freedman’s Stable Road Foundation Named Founding Member of Imua Family Services’ New Visionary Hui

Retrieved on: 
Tuesday, April 2, 2024
Social Services, Children, Family, Professional Services, Philanthropy, Consumer, Fund Raising, Foundation, Health, Education, Nursing

Stable Road Foundation, a community nonprofit founded by Maui-based philanthropist Ed Freedman, has been honored by Imua Family Services as a founding member of its new Visionary Hui.

Key Points: 
  • Stable Road Foundation, a community nonprofit founded by Maui-based philanthropist Ed Freedman, has been honored by Imua Family Services as a founding member of its new Visionary Hui.
  • Freedman will be hosting the inaugural meeting of the Visionary Hui at his home on Stable Road on a date to be determined.
  • This year’s theme is “Cleopatra’s Ball.”
    “Ever since we were founded, Imua Family Services has been one of our closest friends,” says Pablo Rendon, executive director of Stable Road Foundation.
  • “I am so thankful for Ed and the Stable Road Foundation being part of launching such a meaningful program.

Skoll Foundation Announces the Winners of 2024 Skoll Award for Social Innovation

Retrieved on: 
Tuesday, April 2, 2024
Environmental, Social and Governance (ESG), Public Policy, Media, Children, Communications, Public Safety, Transport, Elections, Campaigns, Other Technology, Other Philanthropy, Government, Technology, Public Transport, Primary, Secondary, Education, Fund Raising, Foundation, Women, General Health, Men, Health, Social Services, Family, Social Activism, Professional Services, Philanthropy, Consumer, Skoll Foundation, Democracy, Organization, Social innovation, Farmer, Sköll, Hunger, Name, School, Public, Research, Policy, Child, Native, Death, Poverty, New Theatre, Jeffrey Skoll, Malnutrition, Creativity, Safety, BST, Social change, Movement, Parent, Fatality, Violence, Food, Renewable energy

The Skoll Foundation has announced the four organizations that will receive the 2024 Skoll Award for Social Innovation, which highlights leaders and organizations that advance transformational social change around the world.

Key Points: 
  • The Skoll Foundation has announced the four organizations that will receive the 2024 Skoll Award for Social Innovation, which highlights leaders and organizations that advance transformational social change around the world.
  • Every year, the Skoll Award for Social Innovation recognizes exemplary leaders and organizations creating a more sustainable, peaceful, and prosperous world.
  • The Awardees will be celebrated during the 21st Skoll World Forum at the 2024 Awards for Social Innovation Ceremony, taking place on Thursday, April 11, 4:30-6 p.m. BST at the New Theatre in Oxford, England and virtually.
  • “Global challenges are mounting at an increasing pace,” said Don Gips, CEO of the Skoll Foundation.

The GEO Group Announces Senior Notes Offering

Retrieved on: 
Wednesday, April 3, 2024
Social Services, Construction & Property, Professional Services, Health, Law Enforcement, Emergency Services, State, Local, Building Systems, Mental Health, Other Professional Services, Public Policy, Government, Other Construction & Property, GEO Group, GEO, Person, Tranche, Sale, Regulation, News

The GEO Group (NYSE: GEO) ("GEO" or the "Company") announced today that it is proposing, subject to market and other customary conditions, to issue $1.2 billion aggregate principal amount of senior notes, comprised of $700.0 million aggregate principal amount of senior secured notes due 2029 (the "Secured Notes") and $500.0 million aggregate principal amount of senior unsecured notes due 2031 (the "Unsecured Notes" and together with the Secured Notes, the "notes"), in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Key Points: 
  • The GEO Group (NYSE: GEO) ("GEO" or the "Company") announced today that it is proposing, subject to market and other customary conditions, to issue $1.2 billion aggregate principal amount of senior notes, comprised of $700.0 million aggregate principal amount of senior secured notes due 2029 (the "Secured Notes") and $500.0 million aggregate principal amount of senior unsecured notes due 2031 (the "Unsecured Notes" and together with the Secured Notes, the "notes"), in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
  • The notes will be guaranteed by GEO's domestic subsidiaries that are guarantors under a new senior secured credit facility and outstanding senior notes.
  • The gross proceeds of the offering, borrowings under a contemplated new $400.0 million Term Loan B under a new senior secured credit facility, and cash on hand will be used to refinance approximately $1.5 billion of existing indebtedness, including to fund the repurchase, redemption or other discharge of the Company’s existing Tranche 1 Term Loan and Tranche 2 Term Loan under its existing senior credit facility, the 9.50% senior second lien secured notes, the 10.50% senior second lien secured notes, and the 6.00% senior notes due 2026, to pay related transaction fees and expenses, and for general corporate purposes of the Company.
  • The notes will be offered in the United States only to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act, and outside the United States only to non-U.S. persons pursuant to Regulation S under the Securities Act.

Texan by Nature Announces 2024 Conservation Wranglers

Retrieved on: 
Monday, April 1, 2024
Environmental, Social and Governance (ESG), Climate Change, Agriculture, Natural Resources, Outdoors, Other Energy, Public Policy, Government, Foundation, Energy, Science, Other Education, Other Philanthropy, Education, Other Science, Thought Leadership, Sports, Training, Sustainability, Family, Environment, Social Services, Teens, Consumer, Children, Environmental Issues, Other Professional Services, Environmental Health, Marketing, Communications, Professional Services, Philanthropy, State, Local, Other Natural Resources, Health, Organization, Farm, Partnership, San Antonio Bay, School, Lead, Strategic planning, PEEP, TXN, Love, Plastic, Creativity, Geography, Recreation, Wrangler

Texan by Nature (TxN), a conservation non-profit, today announces the selection of the 2024 TxN Conservation Wranglers.

Key Points: 
  • Texan by Nature (TxN), a conservation non-profit, today announces the selection of the 2024 TxN Conservation Wranglers.
  • Conservation Wrangler is an accelerator program that catalyzes the very best Texan-led conservation projects occurring in the state.
  • The Texan by Nature team will work with the four 2024 Conservation Wranglers and provide 12-18 months of tailored support in program management, strategic planning, marketing strategy, metrics capture and analysis including the production of a Return on Conservation™ Index for select projects, professional content creation, and partnership development – whatever is needed to accelerate the project.
  • We look forward to sharing progress and opportunities to engage with these outstanding programs.”
    Texan by Nature will recognize the 2024 Conservation Wranglers at the annual Conservation Summit on October 23, 2024, in Dallas, TX at the George W. Bush Presidential Center.

Winners Named in IDC Government Insights' Seventh Annual Smart Cities North America Awards

Retrieved on: 
Wednesday, March 27, 2024
Urban Planning, Technology, Law Enforcement, Emergency Services, Professional Services, Public Policy, Government, Science, Data Analytics, Public Transport, Construction & Property, Transport, Research, Business, Sustainability, Environment, Social Services, Data Management, Consulting, EV, Connected, Municipal wireless network, Equipment, Public health, Coral Gables, Florida, Raleigh Convention Center, IDC, Americans, Digital twin, Trust, Build automation, Social services, Ecosystem, Future, Public sector, Addiction, Urban planning, Smart city, Inspection

IDC Government Insights today named the winners in the seventh annual Smart Cities North America Awards (SCNAA).

Key Points: 
  • IDC Government Insights today named the winners in the seventh annual Smart Cities North America Awards (SCNAA).
  • The awards were designed to recognize the progress North American states and municipalities have made in executing Smart Cities projects, as well as providing a forum for sharing best practices to help accelerate Smart City development in the region.
  • Winners will be honored at Smart Cities Connect being held May 7–10, 2024, at the Raleigh Convention Center in Raleigh, NC.
  • "We are thrilled to witness the continued dedication by government and education officials and technology partners to develop smart city initiatives for smart, sustainable outcomes."

UniCare Health Plan of West Virginia First in the State to Earn NCQA Health Equity Accreditation Plus

Retrieved on: 
Thursday, March 21, 2024
Professional Services, DEI (Diversity, Equity and Inclusion), Health, Health Insurance, Social Services, General Health, Andrew Kohut, Disease, NCQA, Transport, Health equity, Diabetes, Mortality, Gender identity, Overalls, Medicaid, UniCare, Quality assurance, Language, Hypertension, Accreditation, National Committee, Nursing

UniCare Health Plan of West Virginia recently earned the National Committee for Quality Assurance (NCQA) Health Equity Accreditation Plus, a recognition of UniCare’s leadership in developing solutions to enhance access equitable, high-quality healthcare.

Key Points: 
  • UniCare Health Plan of West Virginia recently earned the National Committee for Quality Assurance (NCQA) Health Equity Accreditation Plus, a recognition of UniCare’s leadership in developing solutions to enhance access equitable, high-quality healthcare.
  • “NCQA’s Health Equity Accreditation Plus recognizes our unwavering dedication to eliminating health disparities and ensuring access to high-quality care for everyone,” said Tadd Haynes, President, UniCare Health Plan of West Virginia.
  • “This milestone positions UniCare at the forefront of advancing health equity through our innovative and impactful programs and personalized care to improve the whole health of our members.”
    NCQA Health Equity Accreditation Plus builds upon the Health Equity Accreditation designation UniCare received last year, when it was recognized among the first Medicaid plans in the nation to create a strategic framework that prioritizes health equity based on race, ethnicity, language, sexual orientation, and gender identity.
  • “Organizations earning the Health Equity Accreditation Plus like UniCare Health Plan of West Virginia are leading the way in bridging this gap, and NCQA salutes their commitment.”

EforAll/EparaTodos Longmont To Expand Program Access to Aspiring Entrepreneurs Across Colorado

Retrieved on: 
Wednesday, March 20, 2024
Other Professional Services, Human Resources, Start-Up, Consulting, Social Services, Small Business, Professional Services, Business, Interest, Acceleration, Woman, Fort Collins, Colorado

"This expansion is a natural yet significant step forward for EforAll/EparaTodos Colorado," says Regina Rodríguez-Manzanet, Executive Director.

Key Points: 
  • "This expansion is a natural yet significant step forward for EforAll/EparaTodos Colorado," says Regina Rodríguez-Manzanet, Executive Director.
  • Currently, the site typically serves 30 aspiring entrepreneurs, annually, across its English and Spanish language programs.
  • "From our roots in Longmont we've always served entrepreneurs beyond our city's limits.
  • Now we're acknowledging that broader scope and vision by renaming our program EforAll Colorado,” said Seth Levine, partner at Foundry Group and EforAll Longmont council chair.

Newman’s Own Foundation Announces Inaugural Food Justice for Kids Prize

Retrieved on: 
Wednesday, March 20, 2024
Philanthropy, Other Education, Primary, Secondary, Education, Women, Environmental, Social and Governance (ESG), People with Disabilities, Family, Consumer, White House, Federal Government, State, Local, Fund Raising, Other Communications, Public Policy, Foundation, Other Policy Issues, Public Relations, Investor Relations, Marketing, Advertising, Communications, Government, Socially Responsible Investing, Preschool, Social Services, Supermarket, Social Activism, Specialty, Native American, Organic Food, Teens, Parenting, Children, Food, Beverage, Retail, Other Philanthropy, Social Media, Search Engine Optimization, Search Engine Marketing, Blogging, Professional Services, Organization, Learning, Native Americans, Advisory Council, Food security, Sale, School, Council, Drink, Multimedia, Social change, Nutrition education, Newman's Own, Pharmaceutical industry

Newman's Own Foundation, the private foundation created by legendary actor, racecar driver, and philanthropist Paul Newman to carry on his legacy of giving away 100% of all the profits and royalties it receives from the sale of Newman's Own food and beverages, announced today the inaugural Food Justice for Kids Prize .

Key Points: 
  • Newman's Own Foundation, the private foundation created by legendary actor, racecar driver, and philanthropist Paul Newman to carry on his legacy of giving away 100% of all the profits and royalties it receives from the sale of Newman's Own food and beverages, announced today the inaugural Food Justice for Kids Prize .
  • The Food Justice for Kids Prize will provide up to $1 million in funding to be shared among ten organizations (over two years).
  • View the full release here: https://www.businesswire.com/news/home/20240320196916/en/
    Newman's Own Foundation Announces Food Justice for Kids Prize: Apply by June 11, 2024 (Graphic: Business Wire)
    "We are thrilled to launch Newman’s Own Foundation’s first-ever Food Justice for Kids Prize, representing a significant leap forward in our longstanding commitment to Indigenous Food Justice and Nutritious School Food and Education for children,” says Alex Amouyel, President and CEO of Newman's Own Foundation.
  • The Food Justice for Kids Prize will catalyze funding and visibility for up to ten organizations dedicated to innovation and impact across two priority program areas: Indigenous Food Justice and Nutrition Education and School Food.

Avangrid Foundation Grant to Support FeedMore WNY Commissary, Graduating Class of FeedMore WNY Workforce Development Program

Retrieved on: 
Tuesday, March 19, 2024
Retail, Alternative Energy, Energy, Sustainability, Social Services, Training, Education, Professional Services, Philanthropy, Environment, Transport, Fund Raising, Foundation, Logistics, Supply Chain Management, Food, Beverage, Utilities, Employment, Avangrid, Partnership, Meal, Hope, Student, AGR

The 13th cohort of FeedMore WNY’s free workforce development program, RISE, graduated yesterday, thanks in significant part to a grant from the Avangrid Foundation, the primary philanthropic arm of NYSEG’s parent company Avangrid, Inc. (NYSE: AGR).

Key Points: 
  • The 13th cohort of FeedMore WNY’s free workforce development program, RISE, graduated yesterday, thanks in significant part to a grant from the Avangrid Foundation, the primary philanthropic arm of NYSEG’s parent company Avangrid, Inc. (NYSE: AGR).
  • The Avangrid Foundation recently awarded a $20,000 grant to FeedMore WNY, $10,000 of which supported the RISE program.
  • The additional $10,000 from the grant was allocated for critical equipment improvements in FeedMore WNY’s commissary.
  • In 2023, FeedMore WNY provided more than 1.4 million prepared meals for the Western New York community.