(Bloomberg) — A pact among Carvana Co. creditors to work together as they negotiated how to restructure the used-car dealer’s massive debt load reached a pivotal moment last month, during a meeting with Chief Executive Ernie Garcia.
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Carvana’s stock had climbed back above $20 a share for the first time in eight months. All of a sudden, the prospect of a deal that would reduce the company’s debt, lower interest costs and provide it with additional…
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