TEMPE, Ariz.--(BUSINESS WIRE)--
Carvana Co. (NYSE: CVNA), a leading eCommerce platform for buying used
cars, today announced it is planning to offer, subject to market
conditions and other factors, $300.0 million in aggregate principal
amount of Senior Notes due 2023 (the “notes”). Carvana intends to use
the net proceeds from this offering to pay its fees and expenses related
to the offering and for general corporate purposes.
The notes will not be registered under the Securities Act of 1933, as
amended (“Securities Act”), or the securities laws of any other
jurisdiction, and will not be offered or sold in the United States or to
U.S. persons absent registration or an applicable exemption from the
registration requirements. The offering of the notes will be made only
to persons reasonably believed to be qualified institutional buyers in
accordance with Rule 144A under the Securities Act and to non-U.S.
persons in accordance with Regulation S under the Securities Act.
This press release is issued pursuant to Rule 135c of the Securities Act
and does not constitute an offer to sell, or a solicitation of an offer
to buy, any security. No offer, solicitation, or sale will be made in
any jurisdiction in which such an offer, solicitation, or sale would be
unlawful. Any offers of the notes will be made only by means of a
private offering memorandum.
About Carvana Co.
Founded in 2012 and based in Phoenix, Carvana’s (NYSE: CVNA) mission is
to change the way people buy cars. By removing the traditional
dealership infrastructure and replacing it with technology and
exceptional customer service, Carvana offers consumers an intuitive and
convenient online car buying and financing platform. Carvana.com enables
consumers to quickly and easily shop more than 10,000 vehicles, finance,
trade-in or sell their current vehicle to Carvana, sign contracts, and
schedule as-soon-as-next-day delivery or pickup at one of Carvana’s
proprietary automated Car Vending Machines.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect Carvana’s current intentions,
expectations or beliefs regarding the notes offering. These statements
may be preceded by, followed by or include the words "aim,"
"anticipate," "believe," "estimate," "expect," "forecast," "intend,"
"likely," "outlook," "plan," "potential," "project," "projection,"
"seek," "can," "could," "may," "should," "would," "will," the negatives
thereof and other words and terms of similar meaning. Forward-looking
statements include all statements that are not historical facts. Such
forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors that
could cause actual outcomes or results to differ materially from those
indicated in these statements. There is no assurance that any
forward-looking statements will materialize. You are cautioned not to
place undue reliance on forward-looking statements, which reflect
expectations only as of this date. Carvana does not undertake any
obligation to publicly update or review any forward-looking statement,
whether as a result of new information, future developments, or
otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180910005544/en/
Carvana Co.
Investor Relations:
Mike Levin
[email protected]
or
Media:
Kate
Carver
[email protected]
Source: Carvana Co.
