Carvana exchange offer fails; $500M minimum participation not met

CARVANA CO.

Carvana's exchange offers for up to $1B of new 9.0%/12.0% Cash/PIK Toggle Senior Secured Second Lien Notes due 2028 expired unaccepted.
Minimum participation condition of $500M aggregate principal amount of existing notes was not satisfied.
All tendered Existing Notes will be returned to holders; no consideration paid.
Offers covered 5.625% 2025, 5.5% 2027, 5.875% 2028, 4.875% 2029, and 10.25% 2030 Senior Notes.

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