Earnings call briefThird-quarter 2026
Carvana says refinancing saves approximately $45 million in annual interest
The trailing 12-month net debt to adjusted EBITDA ratio is 0.8x, and the adjusted EBITDA to interest expense ratio is 6.9x.
GetSignal Carvana CVNA
Chief Financial Officer Mark Jenkins said on the third-quarter call that early in the quarter Carvana refinanced the remaining $1.7 billion of senior secured notes due 2030 with a senior secured Term Loan B.
Jenkins said the refinancing results in approximately $45 million of annual interest expense savings.
Quotes from the call
“Early in the third quarter, we further strengthened our balance sheet by refinancing the remaining $1.7 billion of senior secured notes due 2030 with a senior secured Term Loan B, resulting in approximately $45 million of annual interest expense savings.”
Key facts from the call
- Notes refinanced
- Remaining $1.7 billion of senior secured notes due 2030
- Annual interest expense savings
- Approximately $45 million
- Net debt to trailing 12-month adjusted EBITDA
- 0.8x
- Trailing 12-month adjusted EBITDA to interest expense
- 6.9x
Source: Carvana's third-quarter 2026 earnings call, October 28, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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