The credit agreement with Wells Fargo Bank expires on 31 January and speaks to the growing financial strength of the company as momentum builds on its transformation efforts.
James White, chairman, president and CEO, Jamba, said: “We are pleased to partner with Wells Fargo. We have built a strong relationship and established a solid foundation of proven performance to enable the commencement of this initial credit agreement.
“While our current plans do not anticipate the need to borrow against the line, we like the fact that we have additional working capital from which to fund future growth.”
Source: Jamba Juice
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