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Geo Group Inc (NYSE:GEO): The GEO Group Inc. has signed a contract extension with the California Department of Corrections and Rehabilitation for the continued management of the 625 bed Golden State Correctional Facility. The contract extension is effective through June 30, 2016 and has a minimum occupancy guarantee of 90%. The Facility, at full occupancy, generates approximately $13.0 million in annualized revenues. Their shares closed at $28.28, down $0.17 or 0.6% on the day. They have traded in a 52-week range of $16.40 to $28.62.
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Lions Gate Entertainment (NYSE:LGF): Lions Gate Entertainment terminated and paid off all outstanding amounts under a certain amended and restated credit, security, guaranty and pledge agreement, dated February, 21, among Summit Entertainment, a wholly-owned subsidiary of the Company, certain of their subsidiaries as guarantors, certain lenders specified therein, and JPMorgan Chase Bank, N.A. as the administrative agent. The amended credit agreement was a secured credit facility in the principal amount of $500 million. Their shares closed at $16.17, up $0.53 or 3.39% on the day. They have traded in a 52-week range of $7.03 to $16.19.
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