Jamba Inc. secures $25M line of credit

Jamba Inc. secures $25M line of credit
Tags: Financing and capital improvements, Food & Beverage, Operations Management
April 21, 2008

EMERYVILLE, Calif. — Jamba Inc. has secured a $25 million line of credit with Wells Fargo Foothill LLC, the company announced. Jamba plans to use the funding as necessary to secure outstanding letters of credit and for seasonal working capital requirements. The term of the credit line is five years.

Jamba will host its 2008 annual meeting at 1 p.m. PDT on May 28, 2008, in Berkeley, Calif.. Jamba stockholders of record at the close of business April 11 will be entitled to notice of the annual meeting and to vote upon matters considered at the meeting. Attendance at the meeting will be limited to stockholders of record and beneficial owners who provide proof of beneficial ownership as of the record date.