Alaris Equity Partners Announces a US$66 Million Investment Into a New Partner, a $75 Million Bought Deal Financing and Amendments to Its Credit Facility

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

[{"type":"text","content":"\n \n \n \n Alaris Equity Partners Announces a US$66 Million Investment Into a New Partner, a $75 Million Bought Deal Financing and Amendments to Its Credit Facility\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION IN THE UNITED STATES.  FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAW/\n \n \n \n \n CALGARY, AB\n \n ,\n \n Feb. 9, 2021\n \n /CNW/ -\n \n (all numbers in this release are in Canadian (\"CDN\") unless otherwise noted)\n \n \n \n \n \n \n \n \n \n \n Alaris Equity Partners Income Trust (the\n \n \"Trust\"\n \n or \"\n \n Alaris\n \n \") (TSX: AD.UN) is pleased to announce that its wholly owned subsidiary, Alaris Equity Partners\n \n USA\n \n , Inc. (collectively with the Trust and its other subsidiaries,\n \n \"Alaris\"\n \n ) has made an investment of\n \n US$66.0 million\n \n (the\n \n \"B&S Investment\"\n \n ) into Brown & Settle Investments, LLC and a subsidiary thereof (collectively,\n \n \"B&S\"\n \n or\n \n \"Brown & Settle\"\n \n ).  Alaris is also pleased to announce that it has entered into an agreement with a syndicate of underwriters (the\n \n \"Underwriters\"\n \n ) to purchase, on a bought deal basis, 4,687,500 trust units (the\n \n \"Trust Units\"\n \n ) from Alaris at a price of\n \n $16.00\n \n per Trust Unit for aggregate gross proceeds of\n \n $75.0 million\n \n (the\n \n \"Offering\"\n \n ). Lastly, Alaris and its syndicate of senior lenders (the\n \n \"Lending Syndicate\"\n \n ) have agreed to an amendment (the\n \n \"Amendment\"\n \n ) to its credit facility (the\n \n \"Facility\"\n \n ) that will see the Facility permanently increased from\n \n $330.0 million\n \n to\n \n $373.0 million\n \n . Following the B&S Investment Alaris has deployed approximately\n \n $135 million\n \n in 2021. Alaris is also pleased to announce that it is estimating Q4, 2020 revenue to beat guidance by approximately\n \n $1.0 million\n \n increasing from\n \n $31.0 million\...

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