Benzinga | Mar 26, 2021 06:43AM EDT

Carvana Raises $600M Via Upsized Private Senior Notes

* The used car e-commerce platform, Carvana Co (NYSE: CVNA), has priced the private upsized offering of $600 million 5.5% Senior Notes due 2027.

* The offering size was upsized from $500 million previously.

* Carvana would utilize the offering proceeds for general corporate purposes.

* CVNA's stock has gained 310% in the last year.

* Price action: CVNA shares closed 1.39% higher at $256.36 on Thursday.