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Jamba Juice, Wells Fargo Increase Credit Facility to $15MM

July 25, 2013, 07:13 AM
Filed Under: Restaurant

Jamba Juice Company announced that the company has increased its credit agreement with Wells Fargo Bank, National Association to $15 million. The amended credit agreement with Wells Fargo Bank expires on June 30, 2016.

"We are pleased to continue our strong relationship with Wells Fargo and believe that this agreement speaks to the growing financial strength of the company as we continue to build on our growth initiatives,” stated James D. White, chairman, president and CEO, Jamba Inc. “We do not anticipate the need to borrow against the line, but felt that it was necessary to have additional working capital from which to fund current and future growth initiatives.”

Founded in 1990, Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh squeezed juices and juice blends and a variety of baked goods and snacks.

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