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Legal News

Cahill Represents Equity and Debt Financing Sources for The Stars Group Inc.

Date: 07/10/18

Cahill represented the underwriters in connection with a primary and secondary offering of 25,000,000 shares of The Stars Group Inc. (NASDAQ: TSG) common stock, priced at $38.00 per share, resulting in gross proceeds of $950,000,000. Cahill represented the initial purchasers in connection with a Rule 144A offering of $1,000,000,000 aggregate principal amount of 7.00% senior notes due 2026 by Stars Group Holdings B.V. and Stars Group (US) Co-Borrower, LLC.

Cahill also represented the lead arrangers in connection with a $700,000,000 revolving credit facility and a senior secured term loan facility, consisting of $3,575,000,000 of dollar-denominated term B loans and €850,000,000 of euro-denominated term B loans, in each case, for Stars Group Holdings B.V., Stars Group (US) Co-Borrower, LLC, TSG Australia Holdings PTY LTD and Naris Limited. Proceeds from the notes offering and the incurrence of loans under the credit facilities on the closing date were used to finance, in part, the acquisition of Sky Betting & Gaming by The Stars Group and to refinance existing indebtedness of The Stars Group and Sky Betting & Gaming. The Stars Group, Inc. is a Canadian gaming and online gambling company.