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%.

From other sites
Comments (1)
  • Twest
    , contributor
    Comments (139) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs