Bothell’s BioLife Solutions repays debt with stock shares

Published 1:30 am Friday, July 21, 2017

Bothell-based BioLife Solutions reached an agreement with Wavi Holding AG, its debt holder and largest shareholder, to modify its existing credit facility effective June 30.

Wavi Holding AG agreed to exchange its existing $4.25 million credit facility, for 4,250 shares of the Company’s Series A Preferred Stock, which has a fixed, aggregate stated value of $4.25 million.