Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Spin Master announces C$130 mln equity financing

Published 2016-05-16, 04:57 p/m
© Reuters.  BRIEF-Spin Master announces C$130 mln equity financing

May 16 (Reuters) - Spin Master
* Offering includes a treasury offering of 2,450,000
subordinate voting shares by company for gross proceeds of
approximately c$65 million
* Spin master corp says sale on a "bought deal" basis of 4.9
million subordinate voting shares of company at c$26.60 per
subordinate voting
* Offering also includes secondary offering of 2.45 million
subordinate voting shares by founders for gross proceeds of
approximately c$65 million
* Spin master corp says will use net proceeds of treasury
offering to reduce indebtedness under its revolving credit
facility
* Spin master announces c$130 million equity financing and
secondary offering

Source text for Eikon: ID:nCNWsKvBta
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