Current Report Filing (8-k)
November 04 2016 - 06:11AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event
reported):
November 3, 2016
Jamba, Inc.
(Exact name of registrant as specified
in its charter)
Delaware
|
|
001-32552
|
|
20-2122262
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File No.)
|
|
(I.R.S. Employer
Identification No.)
|
3001 Dallas Pkwy Suite 140, Frisco, Texas
75034
(Address of principal executive offices)
Registrant's telephone number, including
area code:
(469) 294-9800
6475 Christie Avenue, Suite 150, Emeryville,
California 94608
(Former name or former address if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
¨
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
¨
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
¨
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
Item 1.01
|
Entry into a Material Definitive Agreement.
|
On November 3, 2016, Jamba, Inc. (the “
Company
”)
entered into a Credit Agreement (the “
Credit Agreement
”) by and among the Company, Jamba Juice Company, the
Company's wholly-owned subsidiary (“
Jamba Juice
”), as borrower, the Company's wholly-owned subsidiary, Jamba
Juice Advertising Fund, Inc., as guarantors, and Cadence Bank, National Association as administrative agent, lender and L/C issuer
(the “
Lender
”). Pursuant to the Credit Agreement, the Lender will provide for a revolving line of credit to
Jamba Juice for up to ten million dollars, subject to interest at a per annum rate equal to the LIBOR rate plus 2.50%. The credit
facility also allows the Company to request an additional five million dollars, for an aggregate principal amount of up to fifteen
million being available under the Credit Agreement, subject to the terms and conditions thereunder. The Credit Agreement terminates
November 3, 2021, or may be terminated earlier by the parties. The credit facility is subject to customary affirmative and negative
covenants for credit facilities of this type.
The description of the Credit Agreement is not complete and
is qualified in its entirety by the actual terms of the Credit Agreement, a copy of which will be filed as an exhibit to the Company's
Annual Report on Form 10-K for the year ended December 31, 2016.
|
Item 2.02
|
Results of Operations and Financial Condition.
|
On November 4, 2016, the Company issued a press release announcing
its financial results for third quarter ended September 27, 2016. A copy of the Company’s press release is attached hereto
as Exhibit 99.1.
|
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.
Exhibit No.
|
Description
|
99.1
|
Press release dated November 4, 2016, regarding the financial results for the third quarter ended September 27, 2016.
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
JAMBA, INC.
|
|
|
|
Date: November 4, 2016
|
|
By:
|
|
/s/ Marie Perry
|
|
|
|
|
Marie Perry, Chief Financial Officer, Chief Administrative Officer, Executive Vice President and Secretary
|
Jamba, Inc. (delisted) (NASDAQ:JMBA)
Historical Stock Chart
From Feb 2024 to Mar 2024
Jamba, Inc. (delisted) (NASDAQ:JMBA)
Historical Stock Chart
From Mar 2023 to Mar 2024