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BRIEF-Alaris Royalty receives $91.7 mln from Sequel Youth and Family Services for its units in Sequel​
September 1, 2017 / 6:56 PM / 22 days ago

BRIEF-Alaris Royalty receives $91.7 mln from Sequel Youth and Family Services for its units in Sequel​

Sept 1 (Reuters) - Alaris Royalty Corp:

* Says ‍has received U.S.$91.7 million from Sequel Youth and Family Services for all of Alaris’ units in Sequel​

* To receive an additional amount of up to US$4.7 million upon confirmation of percentage change in same program sales​

* Currently holds Sequel at a book value of US$81.3 million, to therefore achieve gain over book value of about 18% or US$15.1 million​

* Will use proceeds it received for Sequel units to reduce amounts outstanding on its revolving credit facility Source text for Eikon: Further company coverage:

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