March 02, 2021
Torys represented Pollard Banknote with a team that included John Emanoilidis, Josh Lavine, Michael Jason and Andrew McFarlane (corporate/securities).
On March 2, 2021, Pollard Banknote Limited ("Pollard Banknote") announced the closing of its previously announced bought deal public offering of common shares through a syndicate of underwriters co-led by Acumen Capital Finance Partners Limited ("Acumen") and Canaccord Genuity Corp. and including Cormark Securities Inc. Pollard Banknote issued 933,800 common shares, including 121,800 shares for which the underwriters exercised their over-allotment option in full, at a price of C$36.95 per share for gross proceeds to the company of approximately C$34.5 million.
Pollard Banknote expects to use the net proceeds from the offering to repay indebtedness under its credit facility incurred in the recent acquisitions of Compliant Gaming LLC and Next Generation Lotteries AS.
Further information can be found on Canada Newswire’s website.
Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high quality instant ticket products, licensed games, Schafer Systems and Fastrak retail merchandising solutions, and a full suite of digital offerings, ranging from world-class mkodo game apps to comprehensive player engagement and iLottery solutions, including strategic marketing and management services.