Carvana to redeem $600 million in 8 7/8% notes due 2023

By Taylor Fox

New York, Sept. 22 – Carvana Co. plans to redeem in full $600 million of its outstanding 8 7/8% senior notes due 2023 with proceeds from its $1 billion senior notes offering, according to a news release.

The remaining proceeds will be used to pay fees and expenses related to the offering and for general corporate purposes.

Carvana is a Tempe, Ariz.-based eCommerce used car platform.

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