Post by
WindsorGuy on Mar 16, 2021 12:20pm
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The net proceeds of the Offering will be used to repay outstanding indebtedness under Alaris' credit facility, including amounts recently drawn to fund investments of US$66.0 million and US$22.5 million into Brown & Settle Investments, LLC ("B&S") and 3E, LLC ("3E") respectively (together the "B&S and 3E Investments"), which cumulatively is expected to add approximately US$10.7 million ($13.6 million) of revenue and US$4.1 million ($5.2 million) of net cash from operating activities. Following the closing of the Offering and considering the financial impact from the recently closed B&S and 3E Investments, Alaris estimates its Run Rate Payout Ratio to be between 65% and 70%