Alaris Equity Partners Announces Closing of $115 Million Bought Deal Offering of 6.25% Convertible Unsecured Senior Debentures

Executive Summary

• Alaris Equity Partners Income Trust completed a $115 million offering of convertible unsecured senior debentures at C$1,000 each, fully exercising the underwriters’ $15 million over‑allotment option.
• The 6.25% per annum debentures mature on December 31 2030, begin trading today on the TSX under “AD.DB.C”, and will be used to partially repay existing senior credit facility debt and fund future partner investments or general trust purposes.

Key Details

• Offering Size: C$115 million aggregate principal amount.
• Pricing: C$1,000 per debenture; includes full exercise of a C$15 million over‑allotment option.
• Underwriters: National Bank Capital Markets (lead), CIBC Capital Markets (co‑lead), Desjardins Capital Markets, Acumen Capital Finance Partners Ltd., Raymond James Ltd., RBC Capital Markets, Scotiabank, and Cormark Securities Inc.
• Interest Rate: 6.25% per annum, payable semi‑annually in arrears on June 30 and December 31 each year starting June 30 2026.
• Maturity Date: December 31 2030.
• Trading Symbol: “AD.DB.C” on the Toronto Stock Exchange, effective today.
• Use of Proceeds:
• Partial repayment of outstanding indebtedness under Alaris’ subsidiary senior credit facility.
• Facility may be subsequently redrawn to fund future investments in new Partners or for general trust purposes.

Notable Quotes

(No executive quotes were included in the release.)