Spin Master, a global children’s entertainment company, entered into an agreement with a syndicate of lenders to increase, amend and extend its credit agreement. HSBC served as administrative agent.

In addition to HSBC, the syndicate included RBC, TD, CIBC, BMO, EDC and Raymond James.

Under the agreement, the company’s revolving credit facility and term credit facility were restructured into a single five-year revolving facility and the total capital available was increased from $280 million to $510 million. The new maturity date of the facility is December 2021.

The company intends to draw against the facility to fund growth opportunities, including potential acquisitions.

“Our lenders, led by our administrative agent HSBC, have just made a very strong show of support for Spin Master and our growth strategy,” said Mark Segal, EVP and CEO. “We have grown dramatically since our initial public offering in July 2015, completing five separate acquisitions. This enhancement to our agreement provides us with significantly stronger liquidity as we seek out further opportunities to create value for our shareholders.”

Toronto-based Spin Master creates, designs, manufactures and markets a portfolio of toys, games, products and entertainment properties.