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Benzinga
Benzinga
Business
Adam Eckert

Why Blue Apron Shares Are Trading Higher

Blue Apron NYSE

Blue Apron Holdings Inc (NYSE:APRN) shares are trading higher Monday after the company announced a $70.5 million planned capital infusion through debt and equity financing.

Blue Apron entered into agreements for a new $40 million private placement investment by RJB Partners and a $500,000 private placement investment by Blue Apron president and CEO Linda Findley. The company also plans to refinance its existing debt with $30 million of senior secured notes issued to clients of Allianz Global Investors.

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