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Wells Fargo Bank Provides $20MM Credit Facility to Natural Alternatives International

May 28, 2021, 07:31 AM
Filed Under: Specialty Industries
Related: Wells Fargo Bank

Wells Fargo Bank provided a new and expanded credit facility to Natural Alternatives International. This new credit facility replaces the previous facility and increases our borrowing capacity from $10 million to $20 million and allows us to use the credit line to not only support on-going working capital needs but also to facilitate potential future acquisitions. The maturity date for the new facility has also been extended to May 24, 2024.

Mark A. Le Doux, Chairman and Chief Executive Officer of NAI stated, "We are grateful for our long-standing relationship with Wells Fargo and we believe this new credit facility is made possible by our continued financial success and strong balance sheet.  While we don't have any current need for this facility, we believe it further strengthens our financial position and provides us the ability to take advantage of growth opportunities that may be presented to us in the future."

NAI, headquartered in Carlsbad, California, is a leading formulator, manufacturer and marketer of nutritional supplements and provides strategic partnering services to its customers. 

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