Carvana co. announces private exchange offers relating to existing notes

Phoenix--(business wire)--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.
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