BRIEF-Thermogenesis Holdings Says It Received Notice Of Default From Boyalife Group Under First Amended Revolving Credit Agreement, Dated April 16, 2018

Reuters07-11

July 11 (Reuters) -

* THERMOGENESIS HOLDINGS - RECEIVED NOTICE OF DEFAULT FROM BOYALIFE GROUP $(USA)$ UNDER FIRST AMENDED REVOLVING CREDIT AGREEMENT, DATED APRIL 16, 2018

* THERMOGENESIS HOLDINGS- NOTICE DECLARES DEFAULT OCCURRED UNDER CREDIT AGREEMENT, NOTE AS OF JULY 9 FOR FAILURE TO MAKE REQUIRED INTEREST PAYMENT

* THERMOGENESIS HOLDINGS INC - DEFAULT NOTICE DECLARES ENTIRE BALANCE OF NOTE TO BE IMMEDIATELY DUE AND PAYABLE

* THERMOGENESIS HOLDINGS INC - NOTE IS SECURED BY COMPANY'S SHARES IN ITS THERMOGENESIS CORP. SUBSIDIARY

* THERMOGENESIS HOLDINGS INC - WILL NOT HAVE ABILITY TO PAY NOTE IN FULL BY JULY 11

* THERMOGENESIS HOLDINGS INC - ANTICIPATES THAT LENDER WILL ELECT TO EXERCISE ITS RIGHTS UNDER NOTE

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((Reuters.Briefs@thomsonreuters.com;))

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