Carvana extends exchange offers for senior notes to May 17, keeps early premium

CARVANA CO.

Extends expiration of exchange offers to May 17, 2023; withdrawal deadline has passed.
Offers up to $1B aggregate principal of new 9.0%/12.0% Cash/PIK Toggle Senior Secured Second Lien Notes due 2028.
Early Exchange Premium of $20 per $1,000 principal available for holders tendering by new expiration.
Total consideration ranges from $632.50 (4.875% 2029 notes) to $858.75 (5.625% 2025 notes) per $1,000.
All other terms of exchange offer unchanged from March 22, 2023 memorandum.

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