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Blackstone's GSO snaps up J Crew's debt in restructuring gambit

Wednesday, May 3, 2017 - 05:50

New York

GSO Capital Partners, private equity firm Blackstone Group LP's credit arm, is acquiring more of J Crew Group Inc's debt, hoping for a profitable trade that could also give the US fashion retailer more time to stave off bankruptcy, people familiar with the matter said.

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