Carvana Seeks To Raise $500M Via Senior Notes

eCommerce platform for buying and selling used cars Carvana Co CVNA announced its plans to offer up to $500 million in Senior Notes due 2027.
Carvana would use the offering proceeds for general corporate purposes.
The company held cash and cash equivalents of $329 million as of December 31, 2020.
CVNA’s stock has gained 394% in the last year.
Price action: CVNA share prices traded lower by 1.52% at $249 in the premarket session on the last check Thursday.

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