Alaris Equity Partners Announces Closing of $80 Million Bought Deal Offering of 6.50% Convertible Unsecured Senior Debentures, and a US$21.5 Million Follow-On Investment in the Shipyard

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

[{"type":"text","content":"Alaris Equity Partners Announces Closing of $80 Million Bought Deal Offering of 6.50% Convertible Unsecured Senior Debentures, and a US$21.5 Million Follow-On Investment in the Shipyard\n\n\n\n\n NOT FOR DISTRIBUTION IN THE UNITED STATES.\n \n\n\n FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW\n \n\n\n CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) --\n \n Unless otherwise stated, all numbers in this press release are presented in Canadian dollars.\n \n Alaris Equity Partners Income Trust (\"\n \n Alaris\n \n \" or the \"\n \n Trust\n \n \") (TSX: AD.UN) is pleased to announce that it has completed its previously announced offering of convertible unsecured senior debentures (\"\n \n Debentures\n \n \") with a syndicate of underwriters (the \"\n \n Underwriters\n \n \") led by National Bank Financial, CIBC Capital Markets and Desjardins Capital Markets, and including Acumen Capital Partners, Raymond James Ltd., RBC Capital Markets, Scotiabank, and Cormark Securities Inc. A total of $80 million aggregate principal amount of Debentures were issued at a price of $1,000 per Debenture (the \"\n \n Offering\n \n \"). The Trust has also granted the Underwriters an option to purchase up to an additional $12,000,000 aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, from time to time, up to 30 days following the closing of the Offering.\n \n\n The Debentures will bear interest at a rate of 6.50% per annum, payable semi-annually in arrears on June 30 and December 31 of each year commencing on December 31, 2025. The first payment will include accrued and unpaid interest for the period from closing to, but excluding, December 31, 2025. The Debentures will mature on June 30, 2030. The Debentures will commence trading today on the Toronto Stock Exchange under the symbol \"AD.DB.B\".\n \n\n The Trust intends to use the net proceeds of the Offering to partially repay outstanding indebtedness under Alaris' subsidiary's senior debt facility which may be subsequently redrawn and used to fund future investments in new Partner (as defined below) investments or general trust purposes.\n \n\n\n The Shipyard Follow-On\n \n\n\n On May 14, 2025, Alaris closed a US$21.5 million follow-on investment into The Shipyard LLC (\"\n \n Th...

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