Used car retailer Carvana restructures its debt to lower interest payments over at least two years and reports a $105M loss in Q2, vs. a $439M loss in Q2 2022 (New York Times) 20-07-2023

New York Times:
Used car retailer Carvana restructures its debt to lower interest payments over at least two years and reports a $105M loss in Q2, vs. a $439M loss in Q2 2022 — Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.