Vroom buys back $197.9 million 0.75% convertibles due 2026

By Mary-Katherine Stinson

Lexington, Ky., Nov. 17 – Vroom Inc. repurchased $197.9 million in total principal amount of its outstanding 0.75% convertible senior notes due 2026 at a discount on Nov. 16, according to an 8-K filing with the Securities and Exchange Commission.

The actual purchase price was $71.7 million, net of the deferred issuance cost of $3.8 million.

The company stated it may continue to opportunistically repurchase notes from time to time to reduce its outstanding indebtedness at a discount.

Vroom is a New York-based e-commerce platform for used vehicles.

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