Alaris Equity Partners Expands Debenture Offering to $92 Million

An announcement from Alaris Royalty ( ($TSE:AD.UN) ) is now available.

Alaris Equity Partners has announced the full exercise of its over-allotment option, resulting in the issuance of an additional $12 million in convertible unsecured senior debentures, bringing the total offering to $92 million. The proceeds from this offering will be used to partially repay outstanding indebtedness under a subsidiary’s senior debt facility, which may be redrawn for future investments, potentially impacting the company’s financial flexibility and growth opportunities.

The most recent analyst rating on ($TSE:AD.UN) stock is a Buy with a C$22.00 price target. To see the full list of analyst forecasts on Alaris Royalty stock, see the TSE:AD.UN Stock Forecast page.

Spark’s Take on TSE:AD.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:AD.UN is a Outperform.

Alaris Royalty’s strong financial performance, characterized by robust profitability and a healthy balance sheet, is a key strength. The stock appears undervalued with a high dividend yield, appealing to income investors. Despite limited technical momentum, recent strategic investments and consistent distributions bolster confidence in future growth. Overall, the stock presents a stable investment opportunity with potential upside from strategic initiatives.

To see Spark’s full report on TSE:AD.UN stock, click here.

More about Alaris Royalty

Alaris Equity Partners Income Trust invests in a diversified group of private businesses primarily through structured equity, aiming to deliver stable and predictable returns to unitholders through cash distributions and capital appreciation. The company enhances its strategy with common equity positions to align returns with the founders of its partner businesses.

Average Trading Volume: 71,977

Technical Sentiment Signal: Buy

Current Market Cap: C$841.1M

Learn more about AD.UN stock on TipRanks’ Stock Analysis page.