The Stars Group Inc. closes US$950M offering of common shares

Date Closed

June 26, 2018

Lead Office

Montréal

Value

950.00 Million USD

On June 26, 2018, The Stars Group Inc. closed an underwritten public offering of common shares whereby The Stars Group sold 17,000,000 shares and certain funds advised or managed by GSO Capital Partners LP ("selling shareholders") sold 8,000,000 shares, all at a price of US$38 per share for aggregate proceeds of US$950 million. In addition, The Stars Group and the selling shareholders have each granted the underwriters an over-allotment option to purchase an additional 1,875,000 shares within 30 days starting June 21, 2018.

The Stars Group intends to use the net proceeds of the treasury offering, along with other funds, to finance the acquisition of Sky Betting & Gaming, a British-based mobile-led gaming operator.

The Stars Group is a gaming and online gambling company that owns such brands as PokerStars, PokerStars Casino and BetStars. Headquartered in Toronto, The Stars Group trades on TSX and Nasdaq.

GSO Capital Partners LP is the global credit investment platform of Blackstone. GSO is one of the largest alternative managers in the world focused on the leveraged-finance, or non-investment grade related, marketplace.

McCarthy Tétrault LLP advised the selling shareholders, as Canadian counsel, with a team led by Patrick Boucher and Philippe Leclerc that included Myreille Gilbert and Annie Poirier-Simard (Business), and Christian Meighen and Angelo Discepola (Tax).

People