- 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%.
From other sites
at 4-traders.com (Mon, 1:49AM)
UNILIFE : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)at 4-traders.com (Thu, 6:16AM)
at MarketWatch.com (May 13, 2013)
at MarketWatch.com (May 10, 2013)
at MarketWatch.com (Jun 29, 2012)
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