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Tuesday, September 26, 2023

Carvana creditors propose debt-for-equity swap – Bloomberg (NYSE:CVNA)

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Used Car Seller Carvana Lays Off Over 10 Percent Of Workforce

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Creditors who own about 90% of Carvana’s (NYSE:CVNA) bonds are said to be pitching a deb-for-equity swap to the used-car company.

The creditor group, which is represented by White & Case and PJT Partners, recently proposed exchanging a “substantial” amount of unsecured notes for equity in


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