Post 30 June 2018 Admedus has entered into a $5 million unsecured loan facility with Star Bright which has now been drawn
down. The terms of the facility are:
• 3-year term
• 5% per annum coupon, payable quarterly
• If shareholder approval is obtained, coupon payments can be made by Admedus issuing shares at the then prevailing
VWAP during the 5 trading days prior to the interest payment date
• Purpose of loan is to repay the existing term loan from Partners For Growth (PFG) in full with any remainder to be used
for working capital
• If Admedus closes a pro rata entitlement offer within three months (which is the Company’s intention), the amount of
the loan equal to the dollar amount of Star Bright’s and its associates’ rights issue entitlement that they take up under
that offer is repayable at that time
• The Company has the discretion to fully repay the loan at any time after three months and prior to maturity, subject to
a 3% prepayment fee
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