APRN - Blue Apron amends terms of $30M senior note offering

• Blue Apron ( NYSE: APRN ) said Tuesday it amended the terms of its $30M offering of senior secured notes due 2027.
• A provision has been added by which the notes are callable within 18 months of their issue (May 5), subject to a make-whole payment.
• The amendment provides APRN with the option to use up to $25M of cash for future stock repurchases, subject to certain conditions including the closing of $50M equity financing - which APRN expects this week.
• The amendment also adds certain limitations to the definition of cash flow forecast.
• APRN shares +1.5% in aftermarket trade.

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