{"schema_version":"secwatch.filing_event.v1","accession":"0001690820-23-000267","form_type":"8-K","ticker":"CVNA","cik":"0001690820","company_name":"CARVANA CO.","filed_at":"2023-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.872371+00:00","generated_at":"2026-06-11T06:19:17.594755+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Carvana raises $126M from Garcia parties at 18% premium, completes equity requirements for debt exchange","bullets":["Raised $126M from Ernest Garcia II and III at $46.31/share, an 18% premium to Aug 18 closing price.","Combined with prior $225M ATM offering, total $351M meets all equity obligations under the TSA.","TSA reduces annual cash interest expense by >$430M each year for next 2 years, extends maturities, lowers total debt by >$1.2B.","Proceeds will partially fund cash tender offer for 5.625% senior unsecured notes due 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001690820-23-000267","json":"https://secwatch.observer/filing/0001690820-23-000267.json","markdown":"https://secwatch.observer/filing/0001690820-23-000267.md","text":"https://secwatch.observer/filing/0001690820-23-000267.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000267/0001690820-23-000267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000267/cvna-20230818.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T06:19:17.594755+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":"faa285381838c25207c451bb5942d3974794a977","claim":"CARVANA CO. entered into Securities Purchase Agreement with Ernest Garcia II and Ernest Garcia III (collectively, the \"Garcia Parties\") valued at $126,000,000 (effective 2023-08-18).","evidence_excerpt":"on August 18, 2023, the Company and Carvana Group, LLC (“Carvana Group”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with the Garcia Parties providing for the purchase of an aggregate of 3,400,994 Class A LLC Units (\"Class A Units\") of Carvana Group, together with 2,720,795 shares of the Company’s Class B Common Stock, par value $0.001 per share (“Class B Common Stock”), at a price equivalent to $46.31 per share of Class A Common Stock of Carvana Co.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690820/000169082023000267/0001690820-23-000267-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Ernest Garcia II and Ernest Garcia III (collectively, the \"Garcia Parties\")"},{"label":"Value","value":"$126,000,000"},{"label":"Effective","value":"2023-08-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}