Carvana’s $600 Million Senior Notes Offering

Davis Polk advised the representative of the initial purchasers on the offering.

Carvana Co. executed its debt offering of $600 million aggregate principal amount of its 5.500% senior notes due 2027.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC acted as initial purchasers for this offering.

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 (Picture), 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.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Jeffrey Gould – Davis Polk & Wardwell; Yana Kipnis – Davis Polk & Wardwell; Travis Mitchell – Davis Polk & Wardwell; Shay Moyal – Davis Polk & Wardwell; Matthew Silver – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Citigroup Global Markets Ltd; J.P. Morgan Securities LLC; Wells Fargo Securities;

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Martina Bellini

Author: Martina Bellini