{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-189188","form_type":"8-K","ticker":"CVNA","cik":"0001690820","company_name":"CARVANA CO.","filed_at":"2023-07-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.871293+00:00","generated_at":"2026-06-13T06:25:15.484990+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Carvana reaches debt restructuring deal with noteholders to cut total debt by over $1.2B","bullets":["Eliminates over 83% of 2025 and 2027 unsecured note maturities; lowers cash interest by >$430M/yr for 2 years.","Exchanges up to $4.376B of existing unsecured notes for three tranches of new senior secured notes due 2028-2031.","Over 90% (~$5.2B) of senior unsecured noteholders support the exchange; new notes secured by Carvana and ADESA assets.","Company to raise at least $350M in new equity via ATM or underwritten offering; Garcia parties commit up to $126M.","Cash tender offer for certain 2025 notes included; transactions targeted to close by September 30, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-189188","json":"https://secwatch.observer/filing/0001193125-23-189188.json","markdown":"https://secwatch.observer/filing/0001193125-23-189188.md","text":"https://secwatch.observer/filing/0001193125-23-189188.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690820/000119312523189188/0001193125-23-189188-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690820/000119312523189188/d537573d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T06:25:15.484990+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e785fda79c76d6bc2d89c607049973852611fcd5","claim":"CARVANA CO. entered into Transaction Support Agreement with Carvana Group, LLC; Ernest Garcia II, Ernest Garcia, III, and entities controlled by one or both of them (collectively, the “Garcia Parties”); and certain eligible holders of the aggregate principal amount outstanding of the Company’s 5.625% senior unsecured notes due 2025, 5.500% senior unsecured n (effective 2023-07-17).","evidence_excerpt":"On July 17, 2023, Carvana Co. (the “Company”) entered into a transaction support agreement (together with all exhibits, annexes and schedules thereto, the “Transaction Support Agreement”) with (i) Carvana Group, LLC (“Carvana Group”), (ii) Ernest Garcia II, Ernest Garcia, III, and entities controlled by one or both of them (collectively, the “Garcia Parties”) and (iii) certain eligible holders of the aggregate principal amount outstanding of the Company’s 5.625% senior unsecured notes due 2025 (the “2025 Notes”), the aggregate principal amount outstanding of 5.500% senior unsecured notes due 2027 (the “2027 Notes”), the aggregate principal amount outstanding of 5.875% senior unsecured notes due 2028 (the “2028 Notes”), the aggregate principal amount outstanding of 4.875% senior unsecured notes due 2029 (the “2029 Notes”), and the aggregate principal amount outstanding of 10.250% senior unsecured notes due 2030 (the “2030 Notes” and, together with the 2025 Notes, 2027 Notes, 2028 Notes,","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690820/000119312523189188/0001193125-23-189188-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Carvana Group, LLC; Ernest Garcia II, Ernest Garcia, III, and entities controlled by one or both of them (collectively, the “Garcia Parties”); and certain eligible holders of the aggregate principal amount outstanding of the Company’s 5.625% senior unsecured notes due 2025, 5.500% senior unsecured n"},{"label":"Effective","value":"2023-07-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}