Aug 2 (Reuters) - Spin Master Corp TOY.TO :
* Purchase price includes up to US$8.5 million payable over 4 years based on Swimways' sales growth
* Spin Master Corp says transaction was financed through spin master's existing credit facility
* Purchase price for transaction will be satisfied by US$85 million in cash on closing, less an escrow for possible adjustments
* Spin master corp says purchase price for transaction will be satisfied by US$85 million in cash on closing
* Spin Master Corp says Swimways will operate as a stand -alone subsidiary within Spin Master group
* Announces acquisition of Swimways Corporation and establishment of outdoor business segment Source text for Eikon: ID:nCNWt60DHa Further company coverage: TOY.TO
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