debt
confidence high
sentiment neutral
materiality 0.40
NAI amends credit facility with Wells Fargo; maturity extended to May 2025 and investment cap raised to $25M
NATURAL ALTERNATIVES INTERNATIONAL INC
- Extends existing $20M revolving credit facility maturity to May 23, 2025.
- Fixed asset investment cap without lender approval increased to $25M from $7.5M.
- NAI may elect to add up to $10M equipment financing facility (not yet entered).
- Existing security agreement with Wells Fargo remains in effect.