---
schema_version: "secwatch.filing_event.v1"
accession: "0001690820-23-000019"
form_type: "8-K"
ticker: "CVNA"
cik: "0001690820"
company_name: "CARVANA CO."
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:47:11.637558+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Carvana extends Ally financing facility to $4B through Jan 2024

## Summary
- Amendment ups Ally commitment to $4.0 billion for purchasing automotive finance receivables.
- Scheduled Commitment Termination Date extended to January 12, 2024.
- Agreement amended to repurchase receivables upon breach of representations or warranty failures.
- Transferor must provide legal opinions and good standing certificates within 20 days of effective date.

## SEC filing metadata
- accession: 0001690820-23-000019
- form_type: 8-K
- ticker: CVNA
- cik: 0001690820
- company_name: CARVANA CO.
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690820/000169082023000019/0001690820-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690820/000169082023000019/cvna-20230113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001690820-23-000019
- JSON: https://secwatch.observer/filing/0001690820-23-000019.json
- Plain text: https://secwatch.observer/filing/0001690820-23-000019.txt

## Key facts
- Material Agreements
  CARVANA CO. amended Second Amended and Restated Master Purchase and Sale Agreement with Ally Bank and Ally Financial Inc. (together, the "Ally Parties") valued at up to $4.0 billion (effective 2023-01-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Ally Bank and Ally Financial Inc. (together, the "Ally Parties")
  - Value: up to $4.0 billion
  - Effective: 2023-01-13
  source text: On January 13, 2023, a subsidiary of Carvana Co., Ally Bank, and Ally Financial Inc. (together, the "Ally Parties") amended the Second Amended and Restated Master Purchase and Sale Agreement (the “MPSA”) to, among other things, extend the Scheduled Commitment Termination Date to January 12, 2024 and establish a commitment by the Ally Parties to purchase up to $4.0 billion of automotive finance receivables.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690820/000169082023000019/0001690820-23-000019-index.htm

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