---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-127969"
form_type: "8-K"
ticker: "CVNA"
cik: "0001690820"
company_name: "CARVANA CO."
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:29:09.217100+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Carvana prices $3.275B of 10.25% senior notes due 2030; upsized from $2.275B, to fund ADESA acquisition

## Summary
- $3.275B aggregate principal of 10.25% senior unsecured notes due 2030, upsized from $2.275B.
- Net proceeds to finance $2.2B acquisition of ADESA U.S. physical auction business from KAR Auction Services.
- Interest payable semi-annually at 10.25% per year; notes mature May 1, 2030.
- Carvana no longer pursuing Series A perpetual preferred stock offering due to upsized notes.
- Closing expected May 6, 2022, subject to customary conditions.

## SEC filing metadata
- accession: 0001193125-22-127969
- form_type: 8-K
- ticker: CVNA
- cik: 0001690820
- company_name: CARVANA CO.
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690820/000119312522127969/0001193125-22-127969-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690820/000119312522127969/d261333d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-127969
- JSON: https://secwatch.observer/filing/0001193125-22-127969.json
- Plain text: https://secwatch.observer/filing/0001193125-22-127969.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.