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CVNA Jan 2025 20.000 call

OPR - OPR Delayed Price. Currency in USD
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3.4500+0.7500 (+27.78%)
As of 03:30PM EDT. Market open.
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  • Yahoo Finance Video

    Carvana stock surges on attempt to restructure debt load

    Yahoo Finance Live’s Julie Hyman breaks down the rise in stock for Carvana.

  • Motley Fool

    Why Carvana Stock Roared Ahead Today

    Shares of used car dealer Carvana (NYSE: CVNA), which have lost roughly 94% of their value over the past year, bounced back hard on Wednesday morning, rising 19.3% through 11 a.m. ET. Investors are cheering a debt restructuring plan that the company announced this morning, whereby Carvana proposes to exchange a chunk of its long-term debt for up to $1 billion in new debt that won't come due for another five years. The difference between Carvana's old debt and the new debt Carvana is proposing to issue -- "9%/12% Cash/PIK Toggle Senior Secured Second Lien Notes due 2028" -- is that the old debt is unsecured, while the new debt will be secured by "liens on certain assets and property owned by Carvana, LLC."

  • Financial Times

    Carvana to attempt restructuring of $9bn debt load

    Company tries to drum up support from bondholders carrying $6bn of paper for move that would reduce interest bill