Alaris Equity Partners Announces $75 Million Bought Deal Offering of 6.50% Convertible Unsecured Senior Debentures

Group 1 - Alaris Equity Partners Income Trust has entered into an agreement with underwriters to purchase $75.0 million of convertible unsecured senior debentures due June 30, 2030, with an additional option for $11.25 million [1][2] - The net proceeds from the offering will be used to partially repay outstanding indebtedness and fund future investments [2] - The debentures will bear an interest rate of 6.50% per annum, payable semi-annually, with the first payment scheduled for December 31, 2025 [3] Group 2 - The debentures will be direct senior unsecured obligations of the Trust, ranking subordinate to all existing and future senior secured indebtedness [4] - The debentures are convertible into units of the Trust at a conversion price of $24.85 per unit, with specific conditions for redemption starting June 30, 2028 [5] - A preliminary short form prospectus will be filed with securities regulatory authorities in Canada, excluding Québec, and the offering is subject to regulatory approvals [6] Group 3 - Alaris invests in a diversified group of private businesses primarily through structured equity, aiming to deliver stable returns to unitholders [9]