According to sources familiar with the situation, Bloomberg News reported on Tuesday that a group of Carvana’s ten largest lenders, who collectively hold around $4 billion of the company’s unsecured debt, have agreed to work together in the event of a restructuring for a three-month period.
The report lists PIMCO and Apollo Global Management as creditors.
A Carvana spokesman told Yahoo Finance that the company was not a part of any cooperative agreement among bondholders and that it would not be responding to any inquiries regarding the measures that such bondholders had taken.
“Our message to our stakeholders—customers, shareholders, employees, and others—remains unambiguous: we are solely committed to carrying out the plan to profitability.
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