Spin Master completes initial public offering

Torys acted as counsel to the underwriters co-lead by RBC Capital Markets and TD Securities with a team that included Kevin Morris, Alison Harnick, Addie Buhr and Laura Sigurdson (corporate/securities), Jennifer Lennon (employment) and John Tobin (tax).

On July 30, 2015, Spin Master Corp. (Spin Master) announced the completion of its public offering of 12,225,000 subordinate voting shares at a price of C$18.00 per subordinate voting share, which raised total gross proceeds of C$220,050,000.

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 World Markets Inc., National Bank Financial Inc., BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., Barclays Capital Canada Inc., GMP Securities L.P., Cormark Securities Inc. and Dundee Securities Ltd. Spin Master granted to the underwriters an over-allotment option exercisable in whole or in part for a period of 30 days following the closing of the offering, to purchase up to an additional 1,833,750 subordinate voting shares at the offering price for additional gross proceeds of C$33,007,500 if the option is exercised in full.

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 Canada Newswire's website.