Spin Master Corp. (Spin Master) completed a public offering of 4,900,000 subordinate voting shares at a price of $26.60 per subordinate voting share. The offering included a treasury offering of 2,450,000 subordinate voting shares by Spin Master for gross proceeds of approximately $65 million and a secondary offering of 2,450,000 subordinate voting shares, indirectly, beneficially owned by the founders of Spin Master (the Selling Shareholders) for gross proceeds of approximately $65 million. The offering was made through an underwriting group co-led by RBC Capital Markets and TD Securities Inc., and which included BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc. and Cormark Securities Inc.
Spin Master was represented internally by Christopher Harrs (Executive Vice President and General Counsel, Corporate Secretary). Blake, Cassels & Graydon LLP acted as Canadian counsel to Spin Master, with a team that included Frank Arnone, Matthew Merkley, Alison Desipio and Jeremy Ozier (securities) and Jeffrey Shafer (tax). Skadden, Arps, Slate, Meagher & Flom LLP acted as US counsel to Spin Master with a team that included Riccardo Leofanti and Ryan Hickey (corporate).
Torkin Manes LLP acted as Canadian counsel to the Selling Shareholders, and was led by Andrew Wilder (corporate/securities) and Catherine Nicholson (tax).