Spin Master closes C$180 million secondary offering and concurrent block trade

On August 15, 2018, Spin Master Corp. ("Spin Master"), announced the completion of a previously announced secondary offering of an aggregate of 2,794,800 subordinate voting shares held by founders of the company, through certain companies that they control, and 1-R32 Foundation, a not-for-profit charitable corporation controlled by one of the founders, at a price of C$53.40 per subordinate voting share, for aggregate gross proceeds to the selling shareholders of approximately C$150 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 CIBC Capital Markets, BMO Capital Markets, National Bank Financial Inc., Cormark Securities Inc., Barclays Capital Canada Inc., Canaccord Genuity Corp., Goldman Sachs Canada Inc. and Raymond James Ltd.

In a separate transaction that was completed concurrently with the offering, a group of employees of Spin Master, other than the founders of the Company, sold to the underwriters for resale an aggregate of 562,909 subordinate voting shares on a block trade, prospectus-exempt basis at the offering price for total gross proceeds of approximately C$30 million.

The selling shareholders (other than 1-R32 Foundation) have granted the underwriters an over-allotment option to purchase up to 419,220 additional subordinate voting shares, representing an additional 15% of the offering, on the same terms and conditions, exercisable in whole or in part at any one time for a period of 30 days from the closing of the offering. If exercised in full, this would increase the total size of the offering to approximately C$171.6 million. One of the selling shareholders will be responsible for 1-R32 Foundation's portion of the over-allotment option.

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

Further information can be found on Canada Newswire's website.