The Geo Group Inc. /zigman2/quotes/209855552/composite GEO +0.52% said Wednesday it has received the required consents from its secured and unsecured creditors to close a series of transactions that will extend the maturities of debt that comes due in 2023, 2024 and 2026. The real estate investment trust, that specializes in prisons, said it expects the deals to close on Friday, Aug. 19. They will stagger the maturities of $2.0 billion of the the company's outstanding net debt over the next four years into the future, reducing them to about $125 million in 2023, about $165 million in 2024, about $341 million in 2026, about $1.1 billion in 2027 and about $526 million in 2028. That will leave Geo will about $200 million in domestic unrestricted cash and cash equivalents and about $375 million in total liquidity. The company is aiming to decrease its net leverage to below 3.5 times adjusted EBITRDA by end 2023 and to be below 3 times adjusted EBITDA by end 2024. Michael Burry, the investor who rose to fame after correctly predicting the U.S. market's meltdown during the 2008-2009 financial crisis, liquidated almost his entire equity portfolio during the second quarter, according to a regulatory filing for his Scion Asset Management hedge fund, leaving him with just one equity position, the 501,360 shares of GEO Group that he acquired during the quarter. Geo Group shares rose 3.5% premarket and are up 1.8% in the year to date, while the S&P500 /zigman2/quotes/210599714/realtime SPX -1.51% has fallen 9.7%.