Alaris Equity Partners closes C$115 million bought deal offering of 6.25% convertible unsecured senior debentures

On December 17, 2025, Alaris Equity Partners Income Trust ("Alaris") announced that it completed its previously announced public offering of 6.25% convertible unsecured senior debentures with a syndicate of underwriters led by National Bank Capital Markets and CIBC Capital Markets and which included Desjardins Capital Markets, Acumen Capital Finance Partners Limited, Raymond James Ltd., RBC Capital Markets, Scotiabank and Cormark Securities Inc.

Under the offering, a total of C$115 million aggregate principal amount of debentures were issued at a price of C$1,000 per debenture, including through the full exercise of the C$15 million over-allotment option granted to the underwriters in connection with the offering. The debentures bear interest at a rate of 6.25% per annum, payable semi-annually in arrears on June 30 and December 31 of each year commencing on June 30, 2026, and mature on December 31, 2030. The first payment will include accrued and unpaid interest for the period from the closing date to, but excluding, June 30, 2026.

Alaris intends to use the net proceeds of the offering to partially repay outstanding indebtedness under a subsidiary's senior credit facility which may be subsequently redrawn and used to fund future investments in new partner investments or general trust purposes.

Further information can be found on GlobeNewswire’s website.

Alaris, through its subsidiaries, invests in a diversified group of private businesses primarily through structured equity.