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Carvana Raises $600M Via Upsized Private Senior Notes

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Carvana Raises $600M Via Upsized Private Senior Notes
  • The used car e-commerce platform, Carvana Co (NYSE: 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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