Spin Master Corp., a leading global children's entertainment company, entered into an agreement with a syndicate of lenders to amend and restate its existing credit facility.

Under the agreement, Spin Master's existing US$510 million five-year secured credit facility was amended and restated as an unsecured five-year revolving facility of the same amount. The new maturity date of the facility is September 28, 2026. Spin Master intends to draw against the facility to fund operational requirements and growth opportunities, including potential acquisitions.

The Company has commitments from seven financial institutions. The syndicate includes HSBC, which led the process as administrative agent, as well as RBC, TD, National Bank, BMO, CIBC, and Scotia.

"Our syndicate of banking partners continue to show strong support for Spin Master and we would like to thank them for demonstrating their confidence in our business," said Mark Segal, Executive Vice President and Chief Financial Officer. "The new facility provides us with increased financial flexibility and positions our capital structure favourably as we continue to pursue our organic and acquisition driven global growth strategy across our Toy, Entertainment and Digital Games creative centres."