Carvana reduces floorplan line with Ally Financial
The retailer also has a $5B pass-through agreement with the lender
Automotive retailer Carvana reduced its wholesale inventory floorplan line of credit with Ally Financial to $2.2 billion in the pair’s third maturity extension as vehicle inventory remains well below pre-pandemic levels. Carvana reduced its credit line to $2.2 billion, according to an 8-K filing with the Securities and Exchange Commission (SEC) on Thursday. The company […]
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