Carvana Raises $600M Via Upsized Private Senior Notes

March 26, 2021 6:42 AM | 23 seconds read | Make a Comment

The used car e-commerce platform, Carvana Co CVNA, has priced the private upsized offering of $600 million 5.5% Senior Notes due 2027.
The offering size was upsized from $500 million previously.
Carvana would utilize the offering proceeds for general corporate purposes.
CVNA’s stock has gained 310% in the last year.
Price action: CVNA shares closed 1.39% higher at $256.36 on Thursday.

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