- E-commerce platform for buying and selling used cars, Carvana Co (NYSE:CVNA), priced 750 million 4.875% senior notes due 2029 in a private institutional placement.
- The offering proceeds will serve general corporate purposes.
- The notes will accrue interest at 4.875% annually, payable semi-annually on Mar. 1 and Sep. 1, beginning on Mar. 1.
- Carvana held $2.3 billion in long-term debt as of Jun. 30.
- The stock has gained 49.5% year-to-date.
- Price Action: CVNA shares closed lower by 0.71% at $358.15 on Thursday.
Tesla, HP And These 2 Other Stocks Insiders Are Selling
The Federal Reserve raised its target fed funds rate by 0.5% on Wednesday. Investors, meanwhile, focused on some notable insider trades.
