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Universal Biosensors Secures A$8.5m Loan Term Sheet Amid Board Changes
10:11am on Wednesday 2nd of July, 2025 AEST
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Healthcare
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Universal Biosensors Secures A$8.5m Loan Term Sheet Amid Board Changes
10:11am on Wednesday 2nd of July, 2025 AEST
Key Points
Non-binding term sheet for A$8.5 million senior secured loan with Viburnum Funds
Equity raising planned via Security Purchase Plan for existing securityholders
Loan carries 15% interest and a perpetual royalty on water and wine testing strip revenues
Non-Executive Director Craig Coleman resigns due to association with Viburnum
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Universal Biosensors (ASX:UBI)
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