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GSO Capital Partners reports execution of binding agreements for the sale of common shares of Stars Group


Monday, 14 Aug 2017 07:45am EDT 

Aug 14 (Reuters) - ‍GSO Capital Partners LP::‍GSO Capital Partners LP - The GSO funds have entered into privately negotiated binding agreements to sell all of common shares of Stars Group Inc​.GSO Capital Partners LP - Under each sale agreement, GSO funds will deliver Stars Group's shares to certain purchasers upon payment of C$23.50/share​.GSO Capital Partners LP - ‍GSO funds beneficially own an aggregate of about 14 million common shares ​of Stars Group Inc.GSO Capital Partners LP​ - ‍GSO funds are disposing of the common shares for investment purposes.GSO Capital Partners LP​ - ‍following dispositions, GSO funds will have beneficial ownership of 651,060 convertible preferred shares of Stars Group.