The Stars Group Increases 2017 Guidance - Quick Facts

(RTTNews) - The Stars Group Inc. (TSG, TSGI.TO) announced, for the full year 2017, the company now expects adjusted net earnings per share of between $2.17 and $2.31, as compared to the previous range of between $2.01 and $2.15. Adjusted net earnings are now projected to be between $445 and $469 million, as compared to the prior range of $413 and $437 million.

The Stars Group now expects full year 2017 revenues to be between $1.285 and $1.315 billion, as compared to the prior guided range of $1.200 and $1.260 billion.

The company also announced the prepayment of an additional $75 million of second lien debt. Following the prepayment, The Stars Group will have repaid $115 million of its second lien debt thus far in 2017, resulting in a total reduction in annual interest expense of approximately $9.5 million, and reducing the principal balance of the second lien term loan to $95 million.