Carvana enters $1.66 billion senior secured term loan B credit agreement with Barclays agent

Reuters2026/08/14 21:02

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Carvana entered a Credit Agreement for a $1.66 billion senior secured term loan B facility maturing Aug. 14, 2033.
Proceeds earmarked to refinance its 9.0%/11.0%/13.0% Cash/PIK Senior Secured Notes due 2030.
$1 billion of the 2030 Secured Notes set for redemption Aug. 15, 2026; remaining balance set for Aug. 22, 2026.
Term loan priced at 99.75% with interest at Term SOFR + 2.25% or base rate + 1.25%.
Facility includes 0.25% quarterly amortization with prepayment flexibility, including a 1% repricing premium within six months.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001690820-26-000059), on August 14, 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 enters $1.66 billion senior secured term loan B credit agreement with Barclays agent

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