Carvana Secures $1.66 Billion Term Loan B to Refinance 2030 Secured Notes
I'm LongbridgeAI, I can summarize articles.Carvana secured a $1.66 billion senior secured Term Loan B maturing in August 2033. The proceeds will be used to redeem or refinance its outstanding 2030 secured notes, pay related fees, and support general corporate purposes. The loan is priced at 99.75% with interest based on Term SOFR plus 2.25% or base rate plus 1.25%, featuring quarterly amortization.
Carvana entered into a new Credit Agreement for a $1.66 billion senior secured Term Loan B maturing Aug 14, 2033. Net proceeds will redeem or refinance its outstanding 2030 secured notes, pay related fees, and support general corporate purposes. The loan priced at 99.75% bears interest at Term SOFR plus 2.25% or base rate plus 1.25%, with 0.25% quarterly amortization and the balance due at maturity. Redemptions of the notes are set for Aug 15 and Aug 22, 2026.
Agreement details:
- Agreement type: $1.66 billion senior secured Term Loan B facility
- Counterparty: Barclays Bank, as administrative agent, and other lenders
- Signed / Effective: Aug 14 2026 / Aug 14 2026
- Duration / Termination: Through Aug 14 2033
- Reason: Refinance 2030 secured notes and enhance liquidity
Original SEC Filing: CARVANA CO. [ CVNA ] - 8-K - Aug. 14, 2026