Carvana prices $1.66 billion senior secured term loan B facility

Reuters2026/08/12 15:12

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Carvana priced a USD 1.66 billion Senior Secured Term Loan B Facility to refinance its 9% Senior Secured Notes due 2030.
Proceeds, together with cash on hand, will redeem the notes in full.
Term Loan B priced at one-month Term SOFR + 225 basis points, issued at 99.75% of principal.
Facility matures seven years from closing, extending maturities while cutting cash interest by about USD 45 million annually.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carvana Co. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608120900BIZWIRE_USPR_____20260812_BW448868) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Carvana prices $1.66 billion senior secured term loan B facility

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