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Calgary, Alberta, Sept. 14, 2026 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (TSX:AD.UN) (“Alaris” or the “Trust”) is pleased to announce a $100 million bought deal equity offering, a US$95 million investment into a new partner, Nexus Enterprises, LLC (“Nexus”), an amendment to its credit facility, and a 2.6% increase (the “Distribution Increase”) to its quarterly distribution. Unless otherwise stated, all numbers in this press release are presented in Canadian dollars.
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The Offering
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Alaris has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by CIBC Capital Markets, Acumen Capital Finance Partners Limited and National Bank of Canada Capital Markets, as lead underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4,465,000 trust units of the Trust (“Units”) at a price of $22.40 per Unit (the “Offering”) for aggregate gross proceeds of approximately $100 million. The Trust has also granted the Underwriters an option (the “Over-Allotment Option”) to purchase up to an additional 669,750 Units issued under the Offering, on the same terms and conditions, exercisable in whole or in part at any time, up to 30 days following closing of the Offering to cover over-allotments and for market stabilization purposes, for additional gross proceeds of up to approximately $15 million.
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The Trust intends to use the net proceeds of the Offering (including from the Over-Allotment Option, if applicable) to partially repay outstanding indebtedness under its senior credit facility (the “Senior Credit Facility”), which may be subsequently redrawn and used to fund future investments in new Partners (as defined below) and for general trust purposes.
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The Units will be offered by way of short form prospectus which will be filed with the securities regulatory authorities in each of the provinces of Canada, other than the province of Québec and may also be placed privately in the United States in transactions exempt from, among other things, registration under the United States Securities Act of 1933, as amended (the “1933 Act”). Completion of the Offering is subject to customary closing conditions, including receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange. The Offering is expected to close on or about September 28, 2026.
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This news release is not an offer of securities of Alaris for sale in the United States. The Units have not been and will not be registered under the 1933 Act, and the Units may not be offered or sold in the United States except pursuant to an applicable exemption from such registration. No public offering of securities is being made in the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.