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Sources: online used-car marketplace Carvana, which saw its shares drop ~30% in recent weeks, was forced to sell half of its bonds to Apollo Global for $1.6B (Wall Street Journal)


Wall Street Journal:

Sources: online used-car marketplace Carvana, which saw its shares drop ~30% in recent weeks, was forced to sell half of its bonds to Apollo Global for $1.6B  —  Online used-car retailer was spurned by lenders to fund deal  —  Carvana Co. ‘s financial troubles spilled over into debt markets …


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