Alaris Equity Partners Announces Full Exercise of Over-Allotment Option and Issuance of an Additional $12 Million of Convertible Unsecured Senior Debentures

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

[{"type":"text","content":"Alaris Equity Partners Announces Full Exercise of Over-Allotment Option and Issuance of an Additional $12 Million of Convertible Unsecured Senior Debentures\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 05, 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 further to its previously announced closing of the offering (the \"\n \n Offering\n \n \") of $80 million aggregate principal amount of convertible unsecured senior debentures of the Trust (\"\n \n Debentures\n \n \"), the syndicate of underwriters 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. have exercised their over-allotment option (the \"\n \n Over-allotment Option\n \n \") in full, resulting in the issuance today of an additional $12 million aggregate principal amount of Debentures, bringing the total Offering to $92 million aggregate principal amount of Debentures.\n \n\n The Debentures 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 and mature on June 30, 2030. The Debentures are listed for trading 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, including the Over-Allotment Option, 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 Partners (as defined below) investments or general trust purposes.\n \n\n\n ABOUT ALARIS\n \n\n\n The Trust, through its subsidiaries, invests in a diversified group of private businesses (“\n \n Partners\n \n ”) primarily through structured equity. The primary goal of our structured equity investments is to deliver stable and predictable returns to our unitholders through both cash distributions and capital ap...

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