Carvana prices $1.66B term loan to refinance secured notes

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Go back to Carvana prices $1.66B term loan to refinance secured notes

Carvana Announces Successful Upsize and Pricing of $1.66B Senior Secured Term Loan B Facility

August 12, 2026 9:00 AM EDT

Reduces cash interest expense by approximately $45 million per year on a leverage-neutral basis

PHOENIX--(BUSINESS WIRE)-- Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling cars, today announced the successful upsize and pricing of a Senior Secured Term Loan B Facility in an aggregate principal amount of $1.66 billion (the Term Loan B). The company intends to use proceeds from the Term Loan B, together with cash on hand, to redeem in full the Company's 9.00% Senior Secured Notes due 2030.

Over the past 10 quarters, Carvana has generated industry-leading growth and... More