Alaris increases bought deal financing to $100-million

Executive Summary

• Alaris Equity Partners Income Trust is upsizing its previously announced bought deal financing of convertible unsecured senior debentures due to excess demand.
• The trust will issue 100,000 debentures at $1,000 each, generating $100 million in aggregate gross proceeds.
• Underwriters have been granted an option to purchase an additional $15 million in debentures on the same terms, exercisable within 30 days of closing.

Key Details

• Instrument: Convertible unsecured senior debentures.
• Maturity Date: December 31, 2030.
• Price: $1,000 per debenture.
• Quantity Issued: 100,000 debentures.
• Aggregate Gross Proceeds: $100,000,000.
• Underwriters: Syndicate led by National Bank Financial Inc. and CIBC Capital Markets.
• Over-Allotment Option: Underwriters have an option to purchase up to an additional $15,000,000 aggregate principal amount of debentures.
• Option Terms: Exercisable in whole or in part, from time to time, up to 30 days following the closing of the offering.
• Closing Date: Expected on or about December 17, 2025.
• Conditions: Subject to corporate and regulatory approvals, including Toronto Stock Exchange approval.
• Regulatory Filings: Preliminary short form prospectus to be filed with securities regulatory authorities in all Canadian provinces except Quebec.
• Prior Disclosure: Terms and use of proceeds remain as disclosed in the original press release dated December 1, 2025.