We advised the initial purchasers on the high-yield debt offering

Davis Polk advised the representative of the initial purchasers on a Rule 144A / Regulation S debt offering by Carvana Co. of $750 million aggregate principal amount of its 4.875% senior notes due 2029.

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

The Davis Polk capital markets team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate 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. Members of the Davis Polk team are based in the Northern California and New York offices.

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