Natural Alternatives International Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Regulation FD Disclosure, Financial Statements and Exhibits

false 0000787253 0000787253 2025-06-20 2025-06-20

 

 

 

 

 

Commission File Number:  000-15701

 

 

 

 

(Registrant’s telephone number, including area code)

 

 

 

 

 

Securities registered pursuant to Section 12(b) of the Exchange Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

On June 20, 2025 Natural Alternatives International, Inc., a Delaware corporation, ("NAI") entered into an amended credit facility with Wells Fargo Bank, National Association ("Wells Fargo"). The amended credit facility extends NAI's current credit facility with Wells Fargo to December 31, 2026, decreases the maximum principal amount that can be borrowed from $12,500,000 to $10,000,000, and adds the Company’s powder processing facility in Carlsbad California as security for the amended credit agreement. The Sixth Amendment to Credit Agreement amends the formerly in force Credit Agreement, the Second Modification to Revolving Line of Credit Note modifies the former Revolving Line of Credit Note, and the First Modification of Deed of Trust and Assignment of Rents and Leases modifies the existing Deed of Trust securing a term loan with Wells Fargo that was used in the acquisition of the facility, to also secure the amended Revolving Line of Credit Note. The former Security Agreement by and between NAI and Wells Fargo effective as of July 1, 2019 remains in place.

 

The foregoing description does not purport to be complete and is qualified in its entirety by the agreements attached hereto as Exhibits 10.40, 10.41 and 10.42, each of which is incorporated herein by reference.

 

 

The information provided in Item 1.01 above is hereby incorporated by reference into this Item 2.03.

 

 

On June 23, 2025, NAI issued a press release announcing the amendment of its credit facility. A copy of the press release is attached hereto as Exhibit 99.9 and incorporated by reference herein.

 

 

(d) Exhibits.

 

 

 

 

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.