Spin Master closes C$61 million secondary offering of subordinate voting shares

Torys acted as counsel to the syndicate of underwriters co-led by RBC Capital Markets and TD Securities with a team that included Kevin Morris and Alison Shamie (corporate/Canadian securities), Chris Bornhorst (U.S securities) and Richard Johnson (tax).

On November 17, 2022, Spin Master Corp. (“Spin Master”) announced the completion of the previously announced secondary offering of 1,900,000 of its subordinate voting shares held by Anton Rabie, a co-founder and member of Spin Master’s Board of Directors, through a company he controls (the “Selling Shareholder”), at a price of C$32.10 per subordinate voting share, for total gross proceeds to the Selling Shareholder of C$60,990,000.

The secondary offering was made through a syndicate of underwriters including RBC Capital Markets and TD Securities Inc. as co-lead underwriters and joint bookrunners, together with a syndicate of underwriters including BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Goldman Sachs Canada Inc., Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Scotia Capital Inc.

Spin Master did not receive any proceeds from the offering.

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

Spin Master is a leading global children's entertainment company, creating exceptional play experiences through its three creative centres: Toys, Entertainment and Digital Games. With distribution in over 100 countries, Spin Master is best known for award-winning brands PAW Patrol®, Bakugan®, Kinetic Sand®, Air Hogs®, Hatchimals®, Rubik's Cube® and GUND®, and is the global toy licensee for other popular properties.