Carvana (CVNA) shares were spiraling early Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk.
Carvana’s stock plunged as much as 40% early in the trading session.
Bloomberg News, citing people familiar with the matter, reported Tuesday a group of Carvana’s 10 biggest lenders holding around $4 billion of the company’s unsecured debt have made a…
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