According to an 8-K filing, smoothie chain Jamba Juice Company announced that Wells Fargo reduced the franchisor’s revolving line of credit from $15 million to $10 million.

According to the filing, Wells Fargo waived, as of September 30, 2015, the company’s non-compliance with the financial covenants relating to minimum consolidated tangible net worth and to the minimum fixed charge coverage ratio. In addition, the terms of the financial covenants and certain other obligations under the credit agreement were modified to correspond with the company’s business following its recent refranchising activities.