Carvana $600 million senior notes offering
We advised the initial purchasers on the high-yield debt offering
3/29/2021

Davis Polk advised the representative of the initial purchasers on a Rule 144A / Regulation S debt offering by Carvana Co. of $600 million aggregate principal amount of its 5.500% senior notes due 2027.

 Based in Tempe, Arizona, Carvana Co. is a leading e-commerce platform for buying and selling used cars that operates in markets across the country.

The Davis Polk capital markets team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Travis B. Mitchell. The tax team included partner Mario J. Verdolini and associate Shay Moyal. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate Yana Kipnis. Associate Matthew R. Silver provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.