Wed 07/19/2023 06:43 AM
Relevant Document:Press ReleaseCarvana this morning announced it entered into a transaction support agreement with a group of noteholders representing over 90% of the aggregate principal amount outstanding of the company’s existing senior unsecured notes. The agreement would eliminate over $1.2 billion of Carvana's total debt outstanding including more than 83% of Carvana's 2025 and 2027 unsecured notes.
Additionally, the agreement would reduce Carvana's required cash interest expense by $430...
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