Canada Goose Holdings Inc. (NYSE/TSX: GOOS) has filed for a secondary offering of 10 million Subordinate Voting Shares.
Bain Capital funds, Dani Reiss and Jean-Marc Huët, a director, are selling 8.49 million, 1.5 million and 10,000 shares respectively.
Canada Goose’s Subordinate Voting Shares closed on the NYSE and the TSX at US $68.04 and CDN $88.80 respectively on November 23, 2018, the last trading day prior to the date of its filing.
The offered shares are being offered in Canada by Credit Suisse Securities (Canada), Inc. and CIBC World Markets Inc. and in the United States by Credit Suisse Securities (USA) LLC and CIBC World Markets Corp.
Stikeman Elliott LLP and Ropes & Gray LLP are acting as Canadian and US legal counsel respectively to Canada Goose in connection withe offering. Osler, Hoskin & Harcourt LLP, and Latham & Watkins LLP are acting for the underwriters.
Canada Goose currently has 48,752,415 Subordinate Voting Shares and 60,994,076 Multiple Voting Shares issued and outstanding.
All of the issued and outstanding Multiple Voting Shares are, directly or indirectly, held by Bain Capital and Dani Reiss. Upon closing of the offering, Bain Capital and Reiss continue to own 30,873,742 (60.5%) and 20,130,334 (39.5%) Multiple Voting Shares.
photo credit: Canada Goose