Spin Master Corp. completes $150M secondary offering

Lexpert Magazine View original

On May 24, 2017, Spin Master Corp. (Spin Master) (TSX: TOY) completed a secondary offering of 3,681,000 subordinate voting shares at a price of $40.75 per subordinate voting share, indirectly, beneficially owned by the founders of Spin Master (the Selling Shareholders) for gross proceeds of approximately $150 million.

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.

The offering was made through an underwriting group co-led by RBC Capital Markets and TD Securities Inc., and that included BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Canaccord Genuity Corp., Cormark Securities Inc., Goldman Sachs Canada Inc. and Raymond James Ltd.

Spin Master was represented internally by Christopher Harrs, Executive Vice President and General Counsel, Corporate Secretary, and Karoline Hunter, Senior Director, Investor Relations & Associate General Counsel.

Torkin Manes LLP acted as Canadian counsel to the Selling Shareholders, and was led by Andrew Wilder, Yale Hertzman (corporate/securities), Wesley Isaacs (tax) and Linda Godel (not-for-profit/charities).

To read the complete details in Lexpert Magazine, click here.