Form 8-K · Current Report · Filed 2026-08-14
Carvana Enters into $1.66 Billion Credit Agreement
On August 14, 2026, Carvana Co. entered into a Credit Agreement providing for a $1.66 billion senior secured term loan B facility maturing on August 14, 2033. The net proceeds from the Term Loan B Facility are expected to be used to redeem or repay or refinance the Company's outstanding 9.0% / 11.0% / 13.0% Cash / PIK Senior Secured Notes due 2030, pay related fees and expenses, and for general corporate purposes or working capital requirements. The Term Loan B Facility will bear interest at a rate per annum equal to either Term SOFR plus an applicable margin of 2.25%, or a base rate, plus an applicable margin of 1.25%. The Credit Agreement includes incremental facility provisions and contains covenants that restrict the Company's ability to incur additional indebtedness, create liens on assets, engage in mergers, consolidations, dissolutions or liquidations, dispose of assets, change its line of business, and make restricted payments, among other things.
- Filer
- Carvana Co. CVNA · NYSE
- Filed
- Accession
- 0001690820-26-000059
- CIK
- 0001690820
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$73.70
Since filing
+0.0%
Latest close
$73.70
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CVNA reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, CVNA insiders reported 67 Form 4 transactions — net selling of $19.4M.
About Carvana Co.
Carvana Co. is a renowned e-commerce platform dedicated to the buying and selling of used cars. Revolutionizing the automotive retail space, Carvana allows consumers to browse, buy, finance, and trade in vehicles entirely online, making car shopping accessible and convenient. A unique feature of Carvana’s offering is its car vending machines, which provide an innovative and contactless vehicle delivery experience. Primarily catering to the consumer auto sales sector, Carvana has built a significant presence in the United States, aiming to simplify the car purchasing process with its user-friendly website and mobile app. Established in 2012, Carvana has rapidly expanded its inventory and logistical capabilities, positioning itself as a major player in the used car market. By leveraging technology to streamline operations and enhance customer experience, Carvana continues to influence how consumers engage with vehicle purchases, marking a notable shift from traditional car dealership models to comprehensive digital solutions. Its approach reflects broader trends in e-commerce and consumer preferences for virtual transaction efficiencies.
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