Carvana Defiant in Face of Alarms About Possible Bankruptcy

Carvana undoubtedly is facing the biggest crisis in its 10 years of existence. 

For several weeks now the online car dealership has been the subject of speculation about its financial condition and the prospect of a bankruptcy filing. 

The private-equity firm Apollo Global Management  (APO) – Get Free Report and Pacific Investment Management, known as Pimco, signed a pact to join negotiations with the company in order to recover their investments. They are part of a group of funds holding about $4 billion of Carvana’s unsecured debt. 

Source: https://www.thestreet.com/technology/carvana-defiant-in-face-of-alarms-about-possible-bankruptcy?puc=yahoo&cm_ven=YAHOO&yptr=yahoo