5.9k Share this

Apollo Global Management Inc. agreed to purchase about half of $3.275 billion of bonds Carvana Co. is issuing to purchase car-auction network ADESA U.S., bolstering the online car retailer’s troubled financing effort, people familiar with the matter said.

The transaction is a revision of a previous financing plan and shows cracks in the company’s ability to raise easy money from investors following a disappointing first-quarter earnings report.

Source: WSJ

5.9k Share this
You May Also Like

Musk Lashes Out At ESG As The Brand Starts To Lose Its Luster

BEIJING, CHINA – OCTOBER 23: (CHINA OUT) Elon Musk, Chairman, CEO and…

Student Loans Are “Horrible” And “Evil”

Money Expert Dave Ramsey (Photo by Anna Webber/Getty Images for SiriusXM) getty…

Donatell Has The Gameplan, Weapons To Upgrade Minnesota Vikings Defense

The Vikings are hoping for a huge season and a return to…

Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week

Bitcoin (BTC) is off to a better start than most this week…

The truth behind the misconceptions holding liquid staking back

Blockchains have relied on proof-of-work (PoW) validation since their inception. Yet the…

Queen Elizabeth II Platinum Jubilee to raise value of Royal mementos

Crowning glory: The Queen’s Coronation in 1953 If you have a Royal…

‘Downton Abbey 2’ Nabs Okay $16 Million Weekend

Downton Abbey – A New Era Focus Features As noted yesterday, Focus…

Lifeline for Terra projects, proposed Terra hard fork and more

The past week in the decentralized finance (DeFi) ecosystem was dominated by…