Carvana renews $1.5B floor plan facility with Ally through April 2027; Ally commits to buy $4B in finance receivables

CARVANA CO.

Renewed $1.5B credit line for inventory financing (floor plan) with Ally Bank and Ally Financial, maturing April 30, 2027.
Ally Parties reestablish commitment to purchase up to $4.0B of automotive finance receivables from April 2025 to April 2026.
Interest rate based on Prime Rate minus 70bps/50bps or plus 10bps depending on wholesale outstandings to inventory ratio.
Monthly principal reduction of 10% for vehicles on floorplan over 120 days; advances up to 10% of credit line for lien-free title accommodation.

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