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Why Blue Apron Revised Its Revolving Credit Agreement

Why Blue Apron Revised Its Revolving Credit Agreement

Blue Apron (APRN) has a revolving credit agreement with a lender syndicate led by Morgan Stanley (MS). Blue Apron will also pay more in interest on the credit facility as part of the revised agreement. Overall, Blue Apron expects the revision of the credit agreement to give it more financial flexibility so it can continue investing in creating new products, marketing its business, and expanding its distribution channels.