Seeking Alpha

Unilife secures new financing

  • Unilife (UNIS) closes $60M debt deal with OrbiMed. $40M funds immediately followed by $10M in December and $10M in June 2015.
  • The six-year agreement stipulates the company make interest-only payments at a rate of 10.25% per annum. The principal is due by March 12, 2020.
  • OrbiMed will earn tiered royalty payments on Unilife net sales up to a maximum of 2.75%.
Comments (1)
  • Twest
    , contributor
    Comments (137) | Send Message
     
    If we formed an investor consortium, I'm sure many people would like to earn 10.25% in interest each year.
    14 Mar 2014, 09:21 AM Reply Like
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