Carvana shares jump more than 20% on deal to reduce debt by $1.2 billion

Carvana said the agreement will eliminate more than 83% of Carvana’s 2025 and 2027 unsecured note maturities and lower its required cash interest expense.Carvana said the agreement will eliminate more than 83% of Carvana’s 2025 and 2027 unsecured note maturities and lower its required cash interest expense. 

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