CVNA - Public offerings

Carvana Co. (NYSE:CVNA) ("Carvana" or the "Company"), the leading e-commerce platform for buying and selling used cars, announced today that it is offering noteholders the option to exchange their unsecured notes and receive new secured notes that would provide exchanging noteholders with collateral while reducing Carvana's cash interest expense and total debt and maintaining significant flexibility for the Company. As previously announced, holders of more than 90% of the Company's unsecured notes have committed to participate in this transaction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230802372834/en/Carvana successfull

Carvana Co. (NYSE:CVNA) ("Carvana" or the "Company"), the leading e-commerce platform for buying and selling used cars, announced today that it is offering noteholders the option to exchange their unsecured notes at a premium to current trading prices and receive new secured notes that would provide exchanging noteholders with collateral while reducing Carvana's cash interest expense and maintaining significant flexibility for the Company. Specifically, Carvana announced that it has commenced exchange offers (the "Exchange Offers") to exchange its outstanding existing notes listed below (the "Existing Notes") for up to an aggregate principal amount of $1,000,000,000 (subject to increase or

Carvana Co. ("Carvana") (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced the upsize and pricing of its public offering of 15,625,000 shares of its Class A common stock at a price to the public of $80.00 per share. Ernest Garcia, II, along with Ernie Garcia, III, Carvana's Chief Executive Officer, and entities controlled by one or both of them, will purchase an aggregate of 5,400,000 shares of the Company's Class A common stock in the offering. The offering was upsized from the previously announced offering size of $1 billion of Class A common stock. The offering is expected to close on April 26, 2022, subject to customary closing conditions. Ci

Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced its intention to offer, subject to market and other conditions, $1 billion of a new series of perpetual preferred stock, liquidation preference $1,000 per share (the "Series A Preferred Stock") in a private offering only to (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and (ii) non-U.S. persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act. J.P. Morgan Securities LLC and Citigroup will act as book-running managers for the proposed Series A Preferred

  Carvana Co. (NYSE:CVNA), the leading e-commerce platform for buying and selling used cars, today announced its intention to offer, subject to market and other conditions, $1 billion of its Class A common stock in a public offering registered under the Securities Act of 1933, as amended (the "Securities Act"). Ernest Garcia, II, along with Ernie Garcia, III, Carvana's Chief Executive Officer, and entities controlled by one or both of them, have indicated an interest in purchasing up to an aggregate of $432 million of the Company's Class A common stock in the offering, based on their pro rata ownership. Citigroup and J.P. Morgan Securities LLC will act as book-running managers for the pr