Alaris Equity Partners Files Final Prospectus for $80M Offering
Alaris Equity Partners Unveils Final Prospectus for Offering
The final short form prospectus is accessible through SEDAR+.
CALGARY, Alberta — Alaris Equity Partners Income Trust ("Alaris" or the "Trust") (TSX: AD.UN) has made an important announcement regarding its financial strategy. The Trust has successfully filed a final short form prospectus in various provinces across Canada, excluding Québec. This prospectus relates to the previously disclosed bought deal offering, totaling $80 million in principal amount of 6.50% convertible unsecured senior debentures (the "Debentures"). This offering is facilitated through a dedicated syndicate of underwriters, prominently led by National Bank Financial Inc., CIBC Capital Markets, and Desjardins Securities Inc.
Details of the Offering
As part of this offering, the Trust has granted the underwriters an option to purchase an additional $12 million in debentures under the same terms and conditions. This option can be exercised in total or in part over a 30-day period following the offering's closing. All monetary values mentioned are presented in Canadian dollars, ensuring a clear understanding for all parties involved.
How to Access the Prospectus
For those interested in reviewing the details, access to the prospectus and any amendments will be provided in accordance with relevant Canadian securities legislation. The prospectus can be viewed online at SEDAR+, ensuring that interested parties can easily find the required documents.
Contacting the Underwriters
Copies of the prospectus, whether electronic or paper, can be obtained without charge by reaching out to one of the underwriting firms. For National Bank Financial Inc., potential investors can call (416) 869-8414 or email NBF-Syndication@bnc.ca. Those interested in CIBC Capital Markets can contact them at (416) 956-6378 or at mailbox.canadianprospectus@cibc.com. Lastly, for Desjardins Capital Markets, inquiries can be directed to ecm@desjardins.com.
Anticipated Closing Date
The closing of the offering is expected to occur shortly, on June 2, 2025, contingent upon completing customary closing conditions. This timeline reflects the Trust's commitment to executing this plan efficiently and effectively, a fundamental part of their operational strategy.
Understanding Alaris’s Investment Strategy
Alaris operates primarily through structured equity investments in a diverse array of private businesses, referred to as "Partners." The Trust’s main objective with these structured equity investments is to deliver stable and predictable returns to its unitholders, combining cash distributions with capital appreciation. To strengthen this strategy, Alaris focuses on acquiring common equity positions, aligning the interests of the Trust with those of the Partners' founders.
Frequently Asked Questions
What is the purpose of the final prospectus filed by Alaris?
The final prospectus outlines the details of the bought deal offering of $80 million in convertible unsecured senior debentures to raise capital for investments.
Who are the underwriters for Alaris’s offering?
The offering is underwritten by National Bank Financial Inc., CIBC Capital Markets, and Desjardins Securities Inc.
How might investors access the prospectus?
Investors can access the prospectus on SEDAR+, or request copies through the underwriting firms for free.
What is the timeline for the closing of this offering?
The offering is expected to close on June 2, 2025, subject to customary closing conditions being met.
What is Alaris’s investment focus?
Alaris focuses on structured equity investments in a range of private businesses, aiming to generate stable returns through cash distributions and capital gains.
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