02:45 PM EST, 12/17/2025 (MT Newswires) -- Alaris Equity Partners Income Trust (AD-UN.TO) on Wednesday said it completed its previously announced offering of convertible unsecured senior debentures of $115 million.

The company said debentures were issued at $1,000 apiece, including through the full exercise of the $15 million over-allotment option granted to the underwriters in connection with the offering. 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 starting on June 30, 2026.

Alaris Equity Partners said the first payment will include accrued and unpaid interest for the period from the closing date to, but excluding, June 30, 2026. The debentures which will mature on Dec. 31, 2030, have started trading on the Toronto Stock Exchange under the symbol "AD.DB.C".

Proceeds will be used to partially repay outstanding indebtedness under Alaris' unit's senior credit facility which may be subsequently redrawn and used to fund future investments in new partner investments or general trust needs.

Shares of the company were last seen down 0.34% at $20.42 on the TSX.

Price: 20.42, Change: -0.07, Percent Change: -0.34