Alaris Equity Partners Announces Closing of $115 Million Bought Deal Offering of 6.25% Convertible Unsecured Senior Debentures

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NOT FOR DISTRIBUTION IN THE UNITED STATES.
FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW

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CALGARY, Alberta, Dec. 17, 2025 (GLOBE NEWSWIRE) —  Unless otherwise stated, all numbers in this press release are presented in Canadian dollars. Alaris Equity Partners Income Trust (“Alaris” or the “Trust“) (TSX: AD.UN) is pleased to announce that it has completed its previously announced offering of convertible unsecured senior debentures (“Debentures“) with a syndicate of underwriters (the “Underwriters”) led by National Bank Capital Markets and CIBC Capital Markets and including Desjardins Capital Markets, Acumen Capital Finance Partners Limited, Raymond James Ltd., RBC Capital Markets, Scotiabank and Cormark Securities Inc. A total of $115 million aggregate principal amount of Debentures were issued at a price of $1,000 per Debenture (the “Offering“), including through the full exercise of the $15 million over-allotment option granted to the Underwriters in connection with the Offering.

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The Debentures will 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. The first payment will include accrued and unpaid interest for the period from the Closing Date to, but excluding, June 30, 2026. The Debentures will mature on December 31, 2030 (the “Maturity Date”). The Debentures will commence trading today on the Toronto Stock Exchange under the symbol “AD.DB.C”.

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The Trust intends to use the net proceeds of the Offering to partially repay outstanding indebtedness under Alaris’ subsidiary’s senior credit facility which may be subsequently redrawn and used to fund future investments in new Partner (as defined below) investments or general trust purposes.

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ABOUT ALARIS

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The Trust, through its subsidiaries, invests in a diversified group of private businesses (“Partners”) 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 appreciation. This strategy is enhanced by common equity positions, which allow us to generate returns in alignment with the founders of our Partners.

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This news release is not an offer of securities of Alaris for sale in the United States. The Debentures have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and the Debentures 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.

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FORWARD LOOKING STATEMENTS

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This news release contains forward-looking statements, including forward-looking statements within the meaning of “safe harbor” provisions under applicable securities laws (“forward-looking statements“). Statements other than statements of historical fact contained in this news release may be forward-looking statements including, without limitation, management’s expectations, intentions and beliefs concerning: the use of proceeds of the Offering and the use of the Senior Debt Facility. Many of these statements can be identified by words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations on which these forward-looking statements are based will occur.