Blue apron achieves lower coupon rate on senior secured notes

New york--(business wire)--blue apron (nyse: aprn) announced today that it has received a rating from a leading ratings agency that qualifies the company for the lower of two interest rates provided for in the note purchase agreement on its $30.0 million of senior secured notes due 2027. the note purchase agreement, entered into on may 5, 2022, provides for an interest rate of 8.875% if the company received a minimum specified bond rating, with a step-up to 11.875% in the event that the rating
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