Carvana’s $3.275 Billion Senior Notes Offering

Davis Polk advised J.P. Morgan Securities as representative of the initial purchasers on the offering.

Carvana Co. announced its debt offering of $3.275 billion aggregate principal amount of its 10.250% senior notes due 2030.

Based in Tempe, Arizona, Carvana Co. is a leading e-commerce platform for buying and selling used cars.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture), counsel Jeffrey Gould and associate Jonathan Bye. The tax team included partner Mario J. Verdolini and associate Bradford Sherman. Partner Vanessa L. Jackson and associate Christopher Nairn-Kim provided finance advice. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associates Yana Kipnis and S. Dream Montgomery.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Jonathan Bye – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Jeffrey Gould – Davis Polk & Wardwell; Vanessa Jackson – Davis Polk & Wardwell; Yana Kipnis – Davis Polk & Wardwell; S. Dream Montgomery – Davis Polk & Wardwell; Christopher Nairn – Davis Polk & Wardwell; Bradford Sherman – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: J.P. Morgan Securities LLC;