CALGARY, ALBERTA--(Marketwired - Feb. 5, 2015) -
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Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) is pleased to announce that they will release their year-end and fourth quarter 2014 results prior to the opening of regular trading on the Toronto Stock Exchange Thursday, March 19, 2015. Alaris management will host a conference call at 9am MST (11am EST), Thursday, March 19, 2015 to discuss the financial results and outlook for the Corporation.
Participants can access the conference call by dialing toll free 1-800-355-4959 (or 1-416-340-8530). Alternatively, to listen to this event online, please enter http://www.gowebcasting.com/6309 in to your web browser and follow the prompts given. Please connect to the call or log into the webcast at least 10 minutes prior to the beginning of the event. For those unable to participate in the conference call at the scheduled time, it will be archived for replay until 11am EST March 26, 2015. You can access the replay by dialing toll free 1-800-408-3053 (or 1-905-694-9451) and entering the passcode 5983910. The webcast will be archived for 90 days and is available for replay by using the same link as above or by clicking on the link we'll have stored under the "Investor" section on our website at www.alarisroyalty.com.
As disclosed on January 2, 2015, Alaris was notified that Killick Aerospace LP ("Killick") intended to repurchase Alaris' units in Killick upon the completion of a sale of Killick's business to a third party. That sale has now been completed and Alaris received $44,300,000 on January 29, 2015 for all of its preferred units in Killick. The Corporation used the funds to reduce the debt outstanding on its $90,000,000 credit facility, which is now undrawn and the Corporation also now has approximately $10,000,000 of cash on hand. The Facility and cash on hand will be used to fund contributions to new and existing private company partners as well as for general corporate purposes.
An updated corporate presentation is available on the Corporations website at www.alarisroyalty.com.
The Corporation provides alternative financing to a diversified group of private companies ("Private Company Partners") in exchange for royalties or distributions from the Private Company Partners, with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. Royalties or distributions to Alaris from the Private Company Partners are structured as a percentage of a "top line" financial performance measure such as gross margin, same clinic sales, gross revenues and same-store sales and rank in priority to the owners' common equity position.