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Midday movers: GameStop, Carvana, First Republic and more

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Carvana (CVNA) note exchange offer could mitigate near-term cash interest burden - William Blair

March 23, 2023 2:25 PM EDT

William Blair analyst Sharon Zackfia believes Carvana Co.'s (NYSE: CVNA) private exchange offer for existing notes could mitigate its near-term cash interest burden.

Carvana launched a private exchange offer for existing notes, offering up to $1 billion of new 9% secured second lien notes due 2028, including a minimum of $500... More