Natural Alternatives International, Inc. Announces Amended and Extended Credit Facility with Wells Fargo Bank

Rhea-AI Summary

Natural Alternatives International (Nasdaq: NAII), a leading nutritional supplements manufacturer, has announced an amended credit facility with Wells Fargo Bank. The modified agreement extends the term to December 31, 2026 and adjusts the borrowing capacity to $10 million.

CEO Mark A. Le Doux highlighted that the company's strong balance sheet enabled this facility amendment, which is expected to support working capital needs as NAII pursues revenue growth and aims to restore sustainable profitability.

Positive

• Extended credit facility term to December 31, 2026
• Strong balance sheet position acknowledged by Wells Fargo
• Secured $10 million borrowing capacity for working capital needs

Negative

• Company currently not achieving sustainable profitability
• Requires external financing for working capital needs

CARLSBAD, Calif., June 23, 2025 (GLOBE NEWSWIRE) -- Natural Alternatives International, Inc. ("NAI") (Nasdaq: NAII), a leading formulator, manufacturer and marketer of customized nutritional supplements, today announced the execution of an amended credit facility with Wells Fargo Bank, NA (“Wells Fargo”). This amendment modifies the current facility extending the term of the agreement to December 31, 2026 and modifies the borrowing capacity to $10 million.

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 amended credit facility is made possible by the strength of our balance sheet. We believe this facility will be sufficient to support our working capital needs as we continue to strive towards continued top-line revenue growth and returning the business to sustainable profitability.”

NAI, headquartered in Carlsbad, California, is a leading formulator, manufacturer and marketer of nutritional supplements and provides strategic partnering services to its customers. Our comprehensive partnership approach offers a wide range of innovative nutritional products and services to our clients including scientific research, clinical studies, proprietary ingredients, customer-specific nutritional product formulation, product testing and evaluation, marketing management and support, packaging, and delivery system design, regulatory review, and international product registration assistance. For more information about NAI, please see our website at http://www.nai-online.com.

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that are not historical facts and information. These statements represent our intentions, expectations and beliefs concerning future events, including, among other things, our future revenue, profits and financial condition. We wish to caution readers these statements involve risks and uncertainties that could cause actual results and outcomes for future periods to differ materially from any forward-looking statement or views expressed herein. NAI's financial performance and the forward-looking statements contained herein are further qualified by other risks, including those set forth from time to time in the documents filed by us with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K.

SOURCE - Natural Alternatives International, Inc.

CONTACT – Michael Fortin, Chief Financial Officer, Natural Alternatives International, Inc., at 760-736-7700 or investor@nai-online.com.

Website: http://www.nai-online.com

FAQ

What are the terms of NAII's amended credit facility with Wells Fargo?

The amended credit facility extends to December 31, 2026 with a borrowing capacity of $10 million.

Why did Natural Alternatives International (NAII) amend its credit facility?

NAII amended the facility to support working capital needs as it pursues top-line revenue growth and aims to return to sustainable profitability.

Who is the CEO of Natural Alternatives International (NAII)?

Mark A. Le Doux is the Chairman and Chief Executive Officer of Natural Alternatives International.

What does Natural Alternatives International (NAII) do?

NAII is a leading formulator, manufacturer, and marketer of nutritional supplements that provides strategic partnering services including scientific research, clinical studies, product formulation, and international product registration assistance.

How will the Wells Fargo credit facility benefit NAII shareholders?

The credit facility provides working capital support for NAII's growth initiatives and pursuit of sustainable profitability, which could benefit shareholders through potential business expansion and improved financial performance.