Brian Evans: Oh, you’re saying January 28? Is that what you’re referring to when you said 128?
Judd Arnold: Yeah. That was that was the last disclosed date? Yeah, yeah.
Brian Evans: Approximately today, a little more current than January, 28, right?
Judd Arnold: Okay. Got it. And then, on your competitor? On gone about the 290?
Brian Evans: Yes. Yeah. George was just saying that that’s today’s approximate number.
Judd Arnold: Got it. So just from a revenue perspective, not to belabor the point, if I think just the GPS number and the SmartLINK number, exclude even the phone because I’m assuming that’s lower revenue? That’s sort of the apples-to-apples, how you got to a piece a little bit over 300,000?
George Zoley: We’re include phones.
Judd Arnold: Okay. Got it. Okay. And then just separately on the you know, the call last week in of course, Civic mentioned that they are telling ICE, they could help with alternatives to detention? How could they help if you have the contract?
George Zoley: They maybe thinking of other approaches or other kinds of services they could add on to the ISAP program, but not taking over the ISAP program. I think there’s been several NGO organizations that have that are constantly approaching ICE about additional services they could supplement the program with.
Judd Arnold: Got it. Got it. Okay. And then just on the debt side. Is the teams going to be that you need to refinance the first lien credit facility first, and you can call that I believe, 103. And basically, I know you guys are targeting 3x, but as a practical matter, 3x or if the debt market gets better, that it’s once you refinance that, and then that will allow you post the second lien slide refinancing as well, to do something with capital return. Is that sort of the cadence on the capital structure?
George Zoley: I think that’s a reasonable assumption. It’s going to, we’re going to monitor the market and see what opens first. But obviously, the first lien right now is the most expensive. So we certainly have a focus on trying to take care of that and get more flexibility in the rest of the capital structure by doing that.
Judd Arnold: Got it. Got it. Awesome. Thanks so much for the time guys really appreciate the call.
Operator: Our next question will come from Kenneth Williamson with JPMorgan. You may now go ahead.
Kenneth Williamson: Thanks for fitting me in here. I just €“ most of my questions were answered. But I just wanted to visit the US Marshals you have for a long €“ congratulations on the extension. I just wanted to clarify that, the facility that extended I think you said it was in Georgia, that was that was their decision to execute or pickup a option that was already written into the original contract. Is that a fair causation ?
Jose Gordo: Correct.
Kenneth Williamson: Okay. So and you mentioned you have one other contract that’s coming up in September, are there any options written into that for extension, or would they have to renegotiate? There are. And how long would that extension be, if they picked up the option there?
Jose Gordo: I think, they’re typically two year extensions.
Kenneth Williamson: Okay. Okay. And those are the only two US Marshals contracts that were set for expiration in 2023?
Jose Gordo: Yes.
Kenneth Williamson: Okay.
Jose Gordo: Well, San Diego has another option that will trigger I think this fall, September. That’s the Western Regional detention facility.
Kenneth Williamson: Okay. And that also has two year extension options built in?
Jose Gordo: Yes.
Kenneth Williamson: Got it. Okay. And then, how about 2024? How many US Marshals services contracts would be up for extension or renewal in 2024?
Jose Gordo: None?
Kenneth Williamson: None. Okay. Great. Thank you.
Operator: This concludes our question and answer session. I would like to turn the conference back over to George Zoley, Executive Chairman at the GEO Group for any closing remarks.
George Zoley: Hey, thank you for joining us today. We look forward to addressing you in the next quarterly conference call. Thank you.
Operator: The conference is now included. Thank you for attending today’s presentation. You may now disconnect.
