Davis Polk advised the representative of the initial purchasers on a Rule 144A/Regulation S debt offering by Carvana Co. of $500 million aggregate principal amount of its 5.625% senior notes due 2025 and $600 million aggregate principal amount of its 5.875% senior notes due 2028.

Based in Tempe, Arizona, Carvana Co. is a leading e-commerce platform for buying used cars that operates in markets across the country. Carvana Co. provides a platform where consumers can research and identify a vehicle, inspect it, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up.

The Davis Polk capital markets team included partner Alan F. Denenberg, counsel Jeffrey Gould and associates Beth LeBow and Travis B. Mitchell. The tax team included partner Mario J. Verdolini.The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate Yana Kipnis. Associate Brantley Hawkins provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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