Carvana co. announces proposed offering of series a preferred stock

Phoenix--(business wire)--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
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