we are fully funded for expansion!!

Wow guys, this is an exciting time in the company's evolution, not only are we funded to get to full expansion we are also moving at a rapid rate as per earlier guidance!! For any doubter out there, we would never ever be able to land such a debt funding agreement without them looking at the current and future contracts + earnings for UNS and hand over the coin, this __it is real people and that amount of money is too! Unilife are going to set this market on fire soon enough, big money has said so:)

The Ann:

Unilife Secures $60 Million Debt Financing with OrbiMed Advisors



YORK, Pa., March 13, 2014 /PRNewswire/ -- Unilife Corporation ("Unilife" or "Company") (NASDAQ: UNIS, ASX: UNS) today announced that it has entered into a $60 million debt financing agreement with an affiliate of OrbiMed ("OrbiMed").

$40 million was funded to Unilife at the closing of the deal. Provided the Company is in compliance with the terms of the agreement, two additional tranches of $10 million each will be provided to Unilife in December 2014 and June 2015.

During the six year term of the agreement, Unilife will make interest-only payments to OrbiMed currently calculated at a rate of 10.25% per annum, with the principal to be repaid by March 12, 2020 ("Maturity Date"). OrbiMed will also receive a tiered royalty payment based on net sales generated by Unilife during each fiscal year of the agreement. The maximum royalty rate is 2.75% of annual net sales. The royalty rate decreases as annual net sales increases. Total royalties paid to OrbiMed under the agreement are capped as Unilife has the option to buy out the royalty payment, which is at a reduced amount at any time on or before the fourth anniversary of the agreement. No equity or warrants were or will be issued as part of this agreement.

Mr. Alan Shortall, Chairman and CEO of Unilife, said: "OrbiMed is one of the premier healthcare investors in the world. With OrbiMed and their independent advisors having conducted extensive due diligence into all aspects of our business, including our products, IP and commercial pipeline, we believe this agreement represents a significant endorsement of Unilife. In particular, I believe OrbiMed's decision to accept a small share of our future net sales highlights their confidence in our business model and future growth.

"This $60 million commitment provides us with the necessary capital to drive business growth as we bring several large contracts with existing customers through to commercial rollout. Our decision to take only $40 million of the $60 million upfront will ensure we have the cash to support our operations while minimizing interest payments. I believe Unilife's growing base of customers will view our long-term partnership with OrbiMed as a positive development, as it further strengthens our business position and capacity to meet their future needs," Mr. Shortall concluded.