Capital & Funding
Carvana debt swap does little to quell liquidity woes
Carvana’s $1 billion debt swap is poised to offer the embattled retailer additional capital runway but does little to solve...
Listen: Weekly Wrap discussion on capital markets, powersports earnings
While auto ABS spreads are widening amid market volatility, tax refunds supported improvement in ABS cure rates in February and...
First Citizens to buy SVB after biggest bank failure since 2008
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in...
Auto ABS spreads widen to near 2022 levels
Auto asset-backed securities spreads widened back to levels on par with late 2022 following turmoil in financial markets spurred by...
Tax refunds boost auto ABS cure rates
Delinquencies improved sequentially across nonprime and prime securitized auto loan pools in February driven by tax refund season as annualized...
Fed hikes quarter point, signals it still expects higher rates
The Federal Reserve raised interest rates by a quarter percentage point and signaled it’s not finished hiking, despite the risk...
Carvana plans $1 billion debt swap to restructure balance sheet
Carvana Co. said it’s offering to exchange up to $1 billion of bond principal at below-par prices as the struggling...
Listen: Weekly Wrap discussion on Credit Suisse
Silicon Valley Bank’s collapse continued to reverberate through financial markets last week into Europe as Swiss bank Credit Suisse was...
