Subscribe
Used Cars

Carvana gets $1.6 billion junk bond offer from Apollo to help finance ADESA deal

Carvana
B
By:
Bloomberg
April 27, 2022 07:37 PM

Apollo Global Management Inc. tossed a lifeline to Carvana Co. by offering to buy roughly half of a struggling junk-bond sale that will help the used-car retailer fund an acquisition and make new investments.

Featured Stories

U.S. tariffs on imported vehicles are in effect, with parts duties following soon
U.S. tariffs on imported vehicles are in effect, with parts duties following soon
What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more
What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more
MSRP and dealers and finance, oh my! Why tariff price impacts may vary
MSRP and dealers and finance, oh my! Why tariff price impacts may vary
Here’s our list of the 2025 Top 150 dealership groups
Here’s our list of the 2025 Top 150 dealership groups

Latest News

Yukon cuts Elon Musk’s companies from rebates in response to U.S. tariffs
Toyota puts $7,900 premium on GR Supra final edition for $69,085 sticker price
Live updates on tariffs: Reactions and fallout as auto tariffs take effect
Stellantis laying off nearly 1,000 workers in U.S. as tariffs pause production at some plants in Canada, Mexico
Staying current is easy with newsletters delivered straight to your inbox.

See More in Used Cars

Carvana is testing new-vehicle sales in Arizona. Here are 3 things to know.
Daily 5 report for Feb. 26: Used-car prices surge after the L.A. wildfires; GM dividend boost yields yawns on Wall Street
Carvana expects Q1 lift in used-vehicle sales, will ‘wait and let’s see’ on tariffs
Four things to know ahead of Carvana’s fourth-quarter earnings report
Staying current is easy with newsletters delivered straight to your inbox.