Canada Goose Announces Public Secondary Offering
June 26 2017 - 6:00AM
Business Wire
Canada Goose Holdings Inc. (“Canada Goose” or the “Company”)
(NYSE/TSX: GOOS) today announced that it has commenced a proposed
public secondary offering of 12,500,000 subordinate voting shares.
All of such shares will be offered and sold, subject to market
conditions, by certain shareholders of the Company, including Bain
Capital and certain members of the Company’s management. In
addition, certain selling shareholders are expected to grant the
underwriters a 30 day option to purchase up to an additional
1,875,000 subordinate voting shares at the public offering price,
less the underwriters’ discounts and commissions. The Company will
not receive any proceeds from the sale of subordinate voting shares
associated with this offering or the exercise of the over-allotment
option. The Company’s subordinate voting shares are traded on the
Toronto Stock Exchange in Canada and the New York Stock Exchange in
the United States under the ticker “GOOS”.
CIBC Capital Markets, Credit Suisse, Goldman
Sachs & Co. LLC and RBC Capital Markets are
serving as joint book-running managers and as representatives of
the underwriters for the proposed offering, and are waiving a
lock-up restriction with respect to the subordinate voting shares
held by certain of the selling shareholders in the proposed
offering, including certain directors and officers of the
Company. The waiver takes effect on June 27, 2017, and the
shares released may be sold on or after such date only in
connection with the secondary public offering. BofA
Merrill Lynch, Morgan Stanley, Barclays, BMO, TD and
Wells Fargo Securities are also acting as joint
book-running managers and Baird, Canaccord Genuity and Cowen are
acting as co-managers for the proposed offering.
The offering will be made only by means of a prospectus. A copy
of the preliminary prospectus, when available, relating to this
offering may be obtained from any of the following sources:
- CIBC Capital Markets , 22 Front Street
West, Mailroom, Toronto, ON, M5J 2W5, by telephone at (416)
956-3636, or by email at mailto:michelene.dougherty@cibc.ca
- Credit Suisse Securities (USA)
LLC, Attention: Prospectus Department, One Madison Avenue, New
York, NY 10010, by telephone at (800) 221-1037, or by email
at newyork.prospectus@credit-suisse.com
- Goldman Sachs & Co. LLC, Attention:
Prospectus Department, 200 West Street, New York, NY 10282, by
telephone at (866) 471-2526, or by email
at prospectus-ny@ny.email.gs.com
- RBC Capital Markets, Attention:
Simon Yeung, Distribution Centre, RBC Wellington Square, 8th Floor,
180 Wellington St. W., Toronto, Ontario, M5J 0C2, by telephone at
(416) 842-5349 or by e-mail
at Distribution.RBCDS@rbccm.com
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy these securities be accepted prior to the time the
registration statement becomes effective.
A preliminary prospectus has been filed with the securities
commissions or similar securities regulatory authorities in each of
the provinces and territories of Canada containing important
information relating to the subordinate voting shares. The
preliminary prospectus remains subject to completion or amendment.
There will not be any sale or any acceptance of an offer to buy the
subordinate voting shares until a receipt for the final prospectus
has been issued by the relevant securities commissions and similar
securities regulatory authorities in Canada.
No securities regulatory authority has either approved or
disapproved of the contents of this press release. This press
release is for information purposes only and shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About Canada Goose
Founded in a small warehouse in Toronto, Canada in 1957, Canada
Goose has grown into a global outerwear brand. Canada Goose is a
designer, manufacturer, distributor and retailer of premium
outerwear for men, women and children. The Company’s jackets are
sold in 37 countries around the world, including in two owned
retail stores and four e-commerce stores.
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version on businesswire.com: http://www.businesswire.com/news/home/20170626005372/en/
ICRJessica Liddell, 203-682-8208Jessica.Liddell@ICRinc.com
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