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

Core Viewpoint - Alaris Equity Partners Income Trust has successfully completed an offering of convertible unsecured senior debentures totaling $115 million, which will be used to repay existing debt and fund future investments [1][3]. Group 1: Offering Details - The offering consisted of $115 million in aggregate principal amount of debentures priced at $1,000 each, including a $15 million over-allotment option [1]. - The debentures will bear an interest rate of 6.25% per annum, with interest payments made semi-annually starting June 30, 2026 [2]. - The maturity date for the debentures is set for December 31, 2030, and they will begin trading on the Toronto Stock Exchange under the symbol "AD.DB.C" [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to partially repay outstanding indebtedness under Alaris' subsidiary's senior credit facility, which may be redrawn for future investments or general trust purposes [3]. Group 3: Company Overview - Alaris invests in a diversified group of private businesses primarily through structured equity, aiming to deliver stable and predictable returns to unitholders through cash distributions and capital appreciation [4].