![]() “We are pleased to have achieved a favorable rating following the completion of our debt refinancing in May, which moved out our debt maturity five years to 2027,” said Randy Greben, Blue Apron’s Chief Financial Officer. 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 falls below a minimum rating specified in the note purchase agreement. Rating Qualifies Company for 8.875% Coupon on Debtīlue 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.
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