Carvana Pact Offers Blueprint for Battle-Weary Debt Investors

Carvana and its creditors are getting ready to do battle over restructuring the company's debt, most of which is unsecured.

By Eliza Ronalds-Hannon & By Davide Scigliuzzo | December 09, 2022 at 08:28 AM

Photo: Diego M. Radzinschi/ALM

As Carvana Co. bondholders prepare to negotiate with the car seller to fix its debt load, they're using a playbook that could become increasingly common when companies fall into distress.

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