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

NEW YORK (Reuters) - 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 U.S. fashion retailer more time to stave off bankruptcy, people familiar with the matter said.

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