Tech Company Inital Public Offerings

Carvana IPO

Headquartered in Phoenix, Carvana is now a public company.

Transaction Overview

Company Name
Announced On
Transaction Type
Proceeds Purpose
We intend to contribute such net proceeds to our wholly owned subsidiary, Carvana Sub, that will in turn use such net proceeds as follows: $210.7 million to acquire 18,750,000 newly-issued LLC Units (or $242.0 million to acquire 21,562,500 LLC Units if the underwriters exercise their option in full to purchase additional shares of Class A common stock) in Carvana Group at a purchase price per LLC Unit based on an assumed initial public offering price of $15.00 per share (the midpoint of the estimated public offering price range set forth on the cover page of this prospectus), less underwriting discounts and commissions. In turn, Carvana Group intends to: repay all outstanding borrowings under the Verde Credit Facility, under which $30.0 million was outstanding as of April 14, 2017, and which has a current interest rate of 12.0% per annum and matures in August 2018 (borrowings under the Verde Credit Facility were used to fund working capital on a short term basis); transfer approximatel

Company Information

Company Status
Mailing Address
4020 East Indian School Rd.
Phoenix, AZ 85018
Email Address
At Carvana (NYSE: CVNA), we know that trust begins and ends with the car, which is why every vehicle we sell comes Carvana Certified. The process begins well before you land on our site with our rigorous inspection and reconditioning process, and it continues long after we leave your driveway with our 100 day/4,189 mile Worry Free Guarantee.
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Management Team

Email & Social
Chief Executive Officer
Ernie Garcia
  Ernie Garcia LinkedIn Profile  Ernie Garcia Twitter Account  Ernie Garcia News  Ernie Garcia on Facebook



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