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Bank of the West, Truett-Hurst Renew $10.5MM Credit Facility

August 01, 2016, 07:46 AM
Filed Under: Wine Production

Truett-Hurst, Inc. announced that it renewed its credit facilities with its lender Bank of the West. The renewal provides maintains the $10 million revolving commitment and provides an additional $500 thousand of available credit for equipment financing.

Paul Forgue, Truett-Hurst's Chief Financial Officer stated, "I'm pleased with the results of our annual renewal process with Bank of the West.  With our improved operating results and focus on working capital management, the credit commitment we have is expected to provide the liquidity needed to support the Company's operating and investment needs over the next year."

Truett-Hurst is a holding company headquartered in Healdsburg, CA.  Its sole asset is the controlling equity interest in H.D.D. LLC., an innovative and fast-growing super-premium, ultra-premium and luxury wine sales, marketing and production company based in the acclaimed Dry Creek Valley of Sonoma County, CA.

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