Spin Master closes C$130 million equity financing

On June 6, 2016, Spin Master Corp. (Spin Master) announced it closed its previously announced public offering of 4,900,000 subordinate voting shares at a price of C$26.60 per subordinate voting share. The Offering included a treasury offering of 2,450,000 subordinate voting shares by Spin Master for gross proceeds of approximately C$65 million and a secondary offering of 2,450,000 subordinate voting shares, indirectly, beneficially owned by the founders of the company for gross proceeds of approximately C$65 million.

The offering was made through a syndicate of underwriters including RBC Capital Markets and TD Securities Inc. as co-lead underwriters and joint bookrunners, as well as BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc. and Cormark Securities Inc.

Spin Master intends to use the net proceeds of the Treasury Offering to reduce indebtedness under its revolving credit facility, for general corporate and working capital purposes and for potential acquisitions. The company did not receive any proceeds from the sale of subordinate voting shares associated with the secondary offering.

Spin Master is a leading global children's entertainment company that creates, designs, manufactures and markets a diversified portfolio of innovative toys, games, products and entertainment properties.

Further information can be found on Spin Master's website.