CHASE GENERAL CORP Reports Default Notice on Dye Candy Subsidiary Debt

What Happened
On July 20, 2026, Dye Candy Company — a subsidiary of CHASE GENERAL CORPORATION — received a notice of default from the current holder of its indebtedness. The notice alleges Dye Candy failed to make a required principal payment due July 17, 2026. The indebtedness (about $500,000 outstanding) is secured by all or substantially all of Dye Candy’s assets, and the lender stated it intends to pursue its remedies if not paid in full. The Company and Dye Candy Company are evaluating the notice and are engaged in discussions with the lender about a potential resolution.

Key Details

• Notice of default received: July 20, 2026. Missed principal payment due: July 17, 2026.
• Approximate outstanding balance under the indebtedness: $500,000.
• Debt is secured by all or substantially all assets of Dye Candy Company.
• Company is evaluating the notice and is in discussions with the lender; no resolution reported in the filing.

Why It Matters
A default notice on a secured loan can lead to acceleration of repayment or lender enforcement of collateral remedies if not resolved. Investors should watch for follow-up disclosures about any repayment, restructuring, lender actions, or whether the parent company has exposure or provides guarantees, since those developments could affect CHASE GENERAL’s liquidity or financial results.