TORONTO, June 22, 2018 /PRNewswire/ - The Stars
Group Inc. (Nasdaq: TSG; TSX: TSGI) ("The Stars Group" or the
"Company") announced today the offering by Stars Group Holdings
B.V. and Stars Group (US) Co-Borrower, LLC (the "Issuers"), its
indirect wholly-owned subsidiaries, of $750
million aggregate principal amount of unsecured senior notes
due 2026 (the "Offering").
The Stars Group intends to use the net proceeds from the
Offering, together with the Company's previously announced equity
offering, bank financing and cash on hand to fund the previously
announced acquisition of Sky Betting & Gaming.
The notes will be offered and sold in the United States only to qualified
institutional buyers in accordance with Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"), and
outside the United States in
reliance on Regulation S under the Securities Act.
The offer and sale of the notes will not be registered under the
Securities Act and the notes may not be offered or sold in
the United States or to U.S.
persons absent registration or an applicable exemption from the
registration requirements of the Securities Act and applicable
state securities laws. This press release does not constitute an
offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About The Stars Group
The Stars Group is a leading provider of technology-based
product offerings in the global gaming and interactive
entertainment industries. The Stars Group directly or indirectly,
including through its Stars Interactive Group division, owns gaming
and related consumer businesses and brands, such as PokerStars,
PokerStars Casino, BetStars, Full Tilt, and the PokerStars Players
No Limit Hold'em Championship, European Poker Tour, PokerStars
Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker
Tour, PokerStars Festival and PokerStars MEGASTACK live poker tour
and event brands. These brands together have millions of registered
customers globally and collectively form the largest poker business
in the world, comprising online poker games and tournaments,
sponsored live poker competitions, marketing arrangements for
branded poker rooms in popular casinos in major cities around the
world, and poker programming and content created for television and
online audiences. The Stars Group, through certain of these and
other brands, also offers non-poker gaming products, including
casino and sportsbook. The Stars Group, through certain of its
subsidiaries, is licensed or approved to offer, or offers under
third party licenses or approvals, its product offerings in various
jurisdictions throughout the world, including in Europe, both within and outside of the
European Union, Australia, the
Americas and elsewhere. In particular, The Stars Group, through its
subsidiaries, currently holds gaming licenses or approvals in 18
jurisdictions, with PokerStars being the world's most licensed
online gaming brand, holding 17 of such licenses or approvals.
Cautionary Note Regarding Forward Looking Statements and
Other Information
This news release may contain forward-looking statements and
information within the meaning of applicable securities laws,
including, without limitation, the planned Offering and
Acquisition, the use of proceeds from the Offering, and plans
regarding the financing of the Acquisition. Forward-looking
statements can, but may not always, be identified by the use of
words such as "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "intend", "could", "might", "would",
"should", "believe", and similar references to future periods or
the negatives of these words and expressions. These statements are
based on management's current expectations and are subject to a
number of risks, uncertainties, and assumptions, including
litigation risk, market and economic conditions, business prospects
or opportunities, future plans and strategies, projections,
anticipated events and trends and regulatory changes that affect
The Stars Group, its subsidiaries, and its and their respective
customers and industries. There can be no assurance that actual
results will not differ materially from those expressed or implied
in forward-looking statements. Undue reliance should not be placed
on forward-looking statements. Please refer to The Stars Group's
most recent annual information form and annual and interim
financial statements and management's discussion and analysis for
more information about the factors, assumptions and risks that may
apply to The Stars Group's forward-looking statements. Each
forward-looking statement speaks only as of the date hereof, and
The Stars Group undertakes no obligation to correct or update any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
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SOURCE The Stars Group Inc.