Carvana Plans $500 Million Note Offering

By Staff Writer March 26, 2021

Carvana Co. announced it is planning to offer, subject to market conditions and other factors, up to $500 million in aggregate principal number of Senior Notes due 2027. Carvana intends to use the net proceeds for general corporate purposes.

The notes will not be registered under the Securities Act of 1933, as amended (“Securities Act”), or the securities laws of any other jurisdiction, and will not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements. The offering of the notes will be made only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. Any offers of the notes will be made only by means of a private offering memorandum.

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Last modified on Monday, 29 March 2021 13:35