Access to Private Equity Market
BALANCE
SHEET
ALARIS
EQUITY PARTNERS INCOME TRUST
Summary of Dept Capacity and Covenants
Millions CAD$
Figure 1
Proforma
March 14, 2024
Senior debt outstanding
Senior debt to EBITDA
$247.0
1.8x
Senior debt to EBITDA Covenant
3.0x
Available Debt Capacity
$253.0
Debentures Outstanding
$165.0 (2)
(1)
Current Fixed Charge Ratio
1.22:1.00
Fixed Charge Covenant
1.00:1:00
Tangible Net Worth (TNW)
$958.8 (1
TNW Covenant
$600.0
(1) Calculated as of December 31, 2023.
(2) Alaris has $100 million face value of Convertible Debentures bearing interest of 5.50% per annum, payable
semi-annually with a maturity of June 30, 2024. Alaris also has $65 million face value of senior debentures
bearing interest of 6.25% per annum, payable semi-annually with a maturity of March 31, 2027.
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