Alaris Announces Completion of $46 Million Bought Deal Offering, Exercise of Over-Allotment Option, Closing of a US$20 Million Follow-On Contribution and Updated Guidance

About this update from Alaris Equity Partners Income Trust Trust Units Reg S 3c7

[{"type":"text","content":"\n \n \n \n Alaris Announces Completion of $46 Million Bought Deal Offering, Exercise of Over-Allotment Option, Closing of a US$20 Million Follow-On Contribution and Updated Guidance\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION IN THE UNITED STATES.\n \n FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAW./\n \n \n \n \n All amounts are stated in Canadian dollars unless otherwise indicated\n \n \n \n \n TSX-AD.UN\n \n \n \n \n CALGARY, AB\n \n ,\n \n Dec. 8, 2020\n \n /CNW/ - Alaris Equity Partners Income Trust (\n \n \"Alaris\"\n \n or the\n \n \"Trust\"\n \n ) is pleased to announce the completion of its previously announced bought deal short-form prospectus offering (the\n \n \"Offering\n \n \") of trust units of the Trust (\n \n \"Trust Units\"\n \n ). The Offering was conducted through a syndicate of underwriters co-led by Acumen Capital Finance Partners Limited, CIBC World Markets Inc., Cormark Securities Inc. and National Bank Financial Inc., and including Desjardins Securities Inc., RBC Capital Markets and Scotia Capital Inc (collectively, the\n \n \"Underwriters\"\n \n ). The Offering consisted of 3,346,500 Trust Units (which includes the full exercise of the over-allotment option of 436,500 Trust Units) issued at a price of\n \n $13.75\n \n per Trust Unit for aggregate gross proceeds of\n \n $46,014,375\n \n .\n \n \n \n \n \n \n \n \n \n The net proceeds of the Offering will be used to repay outstanding indebtedness under Alaris' credit facility, including amounts drawn to fund the\n \n US$20\n \n .0 million follow-on investment (the\n \n \"BCC Follow-On\"\n \n ) by Alaris into existing partner, Body Contour Centers, LLC (\n \n \"\n \n \n BCC\"\n \n ) completed on\n \n December 7\n \n , 2020.  Alaris will receive an additional annualized distribution of\n \n US$2.6 million\n \n from BCC as a result of the BCC Follow-On.  The BCC Follow-On was a result of BCC achieving key performance t...

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