Truett-Hurst renewed its credit facilities with its lender Bank of the West. The renewal provides maintains the $10 million revolving commitment and provides an additional $500,000 of available credit for equipment financing.
Paul Forgue, Truett-Hurst’s CFO 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.”
Healdsburg, CA-based Truett-Hurst is a holding company with the controlling equity interest in H.D.D., an ultra-premium and luxury wine sales, marketing and production company based in the Dry Creek Valley of Sonoma County, CA.
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