secwatch.observer — SEC 8-K summary
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Issuer:     CARVANA CO. (CVNA)
CIK:        0001690820
Form:       8-K
Filed at:   2022-09-22T23:59:59+00:00
Accession:  0001690820-22-000275
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carvana extends inventory credit line to $2.2B and adds $2B facility with Ally
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- 12-Month Floor Plan Facility extended to Sep 22, 2023, with $2.2B aggregate, including $200M from Deutsche Bank.
- 18-Month Floor Plan Facility for up to $2.0B, available after 12-month facility maturity, maturing Mar 22, 2024.
- Interest rate is Prime Rate plus 100 bps; commitment fee and availability fee also apply.
- Monthly principal reduction of 10% for vehicles on floorplan over 150 days until 50% of original principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690820/000169082022000275/0001690820-22-000275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690820/000169082022000275/cvna-20220922.htm
  HTML page:      https://secwatch.observer/filing/0001690820-22-000275

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