Natural Alternatives International Receives Extension FromCredit Facility

Natural Alternatives International Receives Extension FromCredit Facility

SAN MARCOS, Calif.--Natural Alternatives International (NAI)Inc. (NASDAQ:NAII) received a 60-day interim extension and amendment of itsexisting working capital line of credit, which went into effect July 1. Underterms of the amended and extended working capital line of credit, maximumborrowings remain at $2.5 million, although the interest rate has been loweredto prime plus .5 percent. Existing financial covenants have been removed, andNAI is only required to maintain a minimum cash balance of $1.5 million with thecreditor. "We have been in active negotiations to establish new long-termreplacement financing and are confident we will successfully conclude thateffort shortly," said Randell Weaver, NAI chief financial officer. "Inthe interim, we have arranged this extension and amendment of our existingworking capital line of credit."