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BRIEF-Biolife Solutions modifies existing credit facility
July 5, 2017 / 10:16 AM / 3 months ago

BRIEF-Biolife Solutions modifies existing credit facility

July 5 (Reuters) - Biolife Solutions Inc:

* Biolife Solutions modifies existing credit facility

* Biolife Solutions Inc - has reached an agreement with wavi holding to modify its existing credit facility effective June 30, 2017

* Biolife Solutions - Wavi agreed to exchange $4.25 million credit facility for 4,250 shares of series a preferred stock​

* Biolife Solutions Inc - no additional consideration was provided to Wavi for entering into agreement

* Biolife Solutions-preferred shares carry annual cash dividend of 10 pct of outstanding stated value, calculated and payable in arrears on quarterly basis Source text for Eikon: Further company coverage:

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