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JMBA > SEC Filings for JMBA > Form 8-K on 1-Nov-2012All Recent SEC Filings

Show all filings for JAMBA, INC.

Form 8-K for JAMBA, INC.


Entry into a Material Definitive Agreement, Results of Operations and Financial Condi

Item 1.01. Entry into a Material Definitive Agreement.

On November 1, 2012, Jamba, Inc. (the "Company") entered into an amendment to its Credit Agreement with Wells Fargo Bank, National Association (the "Lender") whereby the Lender increased the revolving line of credit to ten million dollars. The outstanding balance under the amended credit facility bears interest at a LIBOR Market Index Rate based upon the rate for one month U.S. dollar deposits, plus 3.00% per annum. Under the terms of the amended Credit Agreement, the Company is required to maintain minimum levels of trailing annual consolidated EBITDA and liquidity and is subject to limits on annual capital expenditures. The amended Credit Agreement terminates January 31, 2014 or may be terminated earlier by the Company or by the Lender.

The description of the Credit Agreement, as amended, is not complete and is qualified in its entirety by the actual terms of the Credit Agreement, as amended, a copy of which amendment will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ended January 1, 2013.

Item 2.02 Results of Operations and Financial Condition.

On November 1, 2012, the Company issued a press release announcing its financial results for the third quarter ended October 2, 2012. A copy of the Company's press release is attached hereto as Exhibit 99.1.

The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 to this Current Report on Form 8-K, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be incorporated by reference into any registration statement or other document filed by the Company with the Securities and Exchange Commission, whether made before or after the date of this Current Report, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference to this Item and Exhibit 99.1 in such filing.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

No. Description
99.1 Press release dated November 1, 2012, regarding the financial results for the third quarter ended October 2, 2012.

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