3/28/2025 | BKDDHY | Moody's raises Carvana
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3/14/2025 | BKDDHY | S&P lifts Carvana
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2/20/2025 | HY | Market Commentary: Distressed trading ramps up; Bausch bonds jump in heavy supply; Carvana paper steady
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1/6/2025 | HY | Market Commentary: Distressed debt quiet to start week; iHeart strengthens; Carvana notes bounce back
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1/6/2025 | HY | Market Commentary: Kimmeridge joins junk calendar; Carvana bounces back; Fortress pushes higher
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1/3/2025 | HY | Market Commentary: Junk market reactivation eyed; Carvana skids on short-seller report; Cleveland-Cliffs firms
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1/3/2025 | HY | Market Commentary: Morning Commentary: Carvana bonds dip as market weighs competing assertions
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1/2/2025 | HY | Market Commentary: Post-holiday distressed volume slow; iHeart gets boost; Carvana mostly unfazed
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9/12/2024 | BKDDHY | Moody's boosts Carvana
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8/14/2024 | BKDDHY | S&P pumps up Carvana
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6/7/2024 | BKBWDDHYLM | Carvana to pay cash interest through 2026 and commits to cut leverage
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5/2/2024 | HY | Market Commentary: Park Hotels & Resorts, SS&C Technologies drive by; Carvana in focus; Herbalife improves
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2/23/2024 | BKBWDDHY | Carvana sets adjusted EBITDA record in 2023, aims even higher in 2024
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12/29/2023 | HY | Outlook 2024: Soft-landing scenario to net positive returns; market CCC wary
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11/30/2023 | DDHY | S&P gives Carvana notes CCC+
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11/15/2023 | DDHY | Moody's assigns Ca to Carvana notes
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11/3/2023 | BKBWDDHYLM | Carvana cuts total debt by $1.33 billion in Q3 from exchange, consent
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9/20/2023 | DDHY | Moody's upgrades Carvana
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9/11/2023 | DDHY | S&P upgrades Carvana
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9/1/2023 | DDHY | S&P drops Carvana to D
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8/31/2023 | DDHYLM | Carvana gives results of exchange offers, tender offer, consent bids for five series of notes
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8/16/2023 | DDHY | Fitch sees U.S. junk bond defaults rising
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8/4/2023 | HY | Market Commentary: Rite Aid paper rallies; CommScope notes erode; QVC paper moves up; Carvana lower
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8/2/2023 | HY | Market Commentary: Carvana higher after exchange launch; Michaels declines in risk-off tone; AMC softens
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8/2/2023 | DDHYLM | Carvana begins exchange offers, tender offer, consent bids for five series of notes
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7/24/2023 | HY | Market Commentary: Court ruling sparks climb in AMC bonds; Rite Aid secured notes up; Carvana declines
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7/20/2023 | BKBWDDHYLM | Carvana new noteholder agreement leaves no real maturity until 2028
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7/19/2023 | HY | Market Commentary: Coty, Morgan drive by in junk primary market; Carvana declines; funds add $373 million
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7/19/2023 | HY | Market Commentary: Carvana declines following exchange offer; CommScope turns positive; QVC under pressure
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7/19/2023 | DDHYLM | Carvana enters transaction support agreement with senior noteholders
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6/28/2023 | HY | Market Commentary: Carvana paper, stock rallies; Lumen, Level 3 mostly higher; Rite Aid drifts lower
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6/16/2023 | HY | Market Commentary: Staples declines in strong Friday supply; Mallinckrodt lower; Bausch flat; Carvana up
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6/9/2023 | HY | Market Commentary: DISH bonds down following funding reports; Carvana paper extends rally; iHeartMedia up
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6/8/2023 | HY | Market Commentary: HUB megadeal prices; Fortrea joins calendar; Ryman Hospitality adds; funds add $2.5 billion
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6/8/2023 | HY | Market Commentary: Carvana bonds jump; Rite Aid paper higher, CDS spreads widen; iHeartMedia better
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6/6/2023 | DDHY | S&P upgrades Carvana
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6/2/2023 | HY | Market Commentary: DISH bonds extend gains; Carvana higher after collapse of exchange offer; Bausch up
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6/2/2023 | DDHYLM | Carvana terminates exchange offer for five series of notes; minimum not met
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5/17/2023 | DDHYLM | Carvana extends exchange offer, withdrawal deadline for five notes
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5/3/2023 | DDHYLM | Carvana extends exchange offer, early tender premium two more weeks
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4/19/2023 | DDHYLM | Carvana extends exchange two weeks, sweetens exchange for 2025 notes
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4/5/2023 | HY | Market Commentary: Distressed trading thin; Carvana, DISH, AMC lower; Staples off; Level 3 declines
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3/31/2023 | HY | Market Commentary: DISH notes higher; Carvana trading thins; First Republic gains; QVC up; Qurate declines
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3/30/2023 | HY | Market Commentary: DISH bonds extend rally; Carvana notes better on day, week; Bed Bath & Beyond softens
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3/28/2023 | DDHY | Moody’s downshifts Carvana to Ca
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3/27/2023 | HY | Market Commentary: Carnival in focus post earnings; SVB falls; Square rebounds
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3/24/2023 | HY | Market Commentary: Deutsche Bank paper down in heavy secondary focus; Carvana declines; QVC under pressure
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3/23/2023 | HY | Market Commentary: Carvana edges down; AMC bonds gain; DISH mixed; Rite Aid notes up, CDS spreads widen
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3/23/2023 | DDHY | S&P slashes Carvana
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3/22/2023 | HY | Market Commentary: Distressed trading thins; Carvana notes mixed; KeyCorp paper soft; Qurate Retail flat
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3/22/2023 | HY | Market Commentary: Junk bonds unchanged post-Fed; First Republic volatile; Carvana gains on exchange
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3/22/2023 | HY | Market Commentary: Morning Commentary: Junk opens flat ahead of Fed; Carvana inches higher on exchange news
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3/22/2023 | DDHYLM | Carvana offers to exchange secured PIK notes for unsecured notes
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2/28/2023 | HY | Market Commentary: AMC lower in front of earnings; Carvana mixed; Consolidated Communications drops
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2/27/2023 | HY | Market Commentary: AMC mixed ahead of earnings post; Bausch paper active; Carvana mostly up; Lumen lower
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2/24/2023 | HY | Market Commentary: Carvana mixed in strong volume; Lumen disappoints; Bausch notes mostly unchanged
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2/22/2023 | HY | Market Commentary: AMC paper gives back in heavy volume; Lumen notes gain; Carvana trades higher
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2/17/2023 | HY | Market Commentary: Trading thins; Bed Bath Beyond notes active; Carvana bonds decline; Lumen lower
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2/2/2023 | HY | Market Commentary: AMC bonds continue rebound; Carvana, Qurate Retail, Embarq move up; Adani down
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2/1/2023 | HY | Market Commentary: AMC higher as trading climbs; QVC declines in active supply; Carvana off; Adani slides
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1/30/2023 | HY | Market Commentary: Carvana notes rally along with stock; Diamond Sports edges lower; Telesat paper gains
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1/30/2023 | HY | Market Commentary: Mauser, Charter price; Martin Midstream on deck; CCO weaker; DISH, Evergreen lower
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1/24/2023 | HY | Market Commentary: Party City notes steady; Shutterfly paper drops; Embarq lower; Carvana, Qurate improve
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1/17/2023 | HY | Market Commentary: Carvana notes flat in active trade; Staples adds to gains; Michaels’ uptrend pauses
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12/30/2022 | HY | Outlook 2023: High-yield returns expected to turn positive, market to stay defensive
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12/15/2022 | HY | Market Commentary: Avaya declines; Carvana paper higher on day, week; Carnival bonds, CDS spreads weaken
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12/9/2022 | HY | Market Commentary: AMC notes lower in strong volume; Bausch rises; CSC paper down; Carvana stages rally
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12/8/2022 | HY | Market Commentary: Carvana paper bounces back, stock jumps; Party City drops; Rite Aid notes, CDS soft
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12/8/2022 | HY | Market Commentary: Morning Commentary: Junk improves as equities rally; downsized Chart deal on deck
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12/7/2022 | HY | Market Commentary: Junk bond primary at work overseas; Carvana shifts lower; Playtika falls
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12/7/2022 | HY | Market Commentary: Carvana paper mostly weathers storm, equity sinks; Rite Aid lower after tender
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11/28/2022 | HY | Market Commentary: Diamond Sports paper trades on heavy quarterly losses; AMC down; Carvana mostly steady
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11/21/2022 | HY | Market Commentary: Bed Bath & Beyond soft in thin trading on extension; Carvana notes decline; CHS quiets
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11/21/2022 | DDHY | Moody's turns Carvana view to negative
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11/9/2022 | DDHY | S&P shifts Carvana outlook to negative
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11/8/2022 | HY | Market Commentary: Carvana lower; Party City sinks; Diebold down; Transocean mixed; Country Garden quiet
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11/7/2022 | HY | Market Commentary: Carvana, Rite Aid, AMC down; Air Methods quiet; Plains up; Oracle paper better
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11/4/2022 | HY | Market Commentary: Carvana sinks following third-quarter report; Prog bonds gain; Rite Aid up on tender offer
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11/4/2022 | HY | Market Commentary: DISH junk bonds pricing pushed to Monday; Ford back at par; Carvana breakdown continues
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10/19/2022 | HY | Market Commentary: Bed Bath & Beyond mixed; higher defaults eyed; Embarq declines; Global Aircraft higher
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10/19/2022 | HY | Market Commentary: Risk-on rally ends; new Carnival relinquishes gains, secured notes lower; Carvana crashes
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10/5/2022 | HY | Market Commentary: Credit Suisse junk notes lower; Embarq softens in active trading; Carvana sinks
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9/29/2022 | HY | Market Commentary: HY acquisition deal pulled; secondary retreats; Carvana crushed; junk funds out $3 billion
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9/29/2022 | HY | Market Commentary: Morning Commentary: Junk bond prices resume skid as inflation recaptures spotlight
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9/21/2022 | HY | Market Commentary: Junk volatile post-Fed; Citrix at a premium on debut in secondary; Royal Caribbean gains
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9/19/2022 | HY | Market Commentary: Citrix, Brightspeed on tap; Embarq notes fall; Carvana bounces
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9/7/2022 | HY | Market Commentary: NortonLifeLock reopens junk primary market; Carvana, Charter, Royal Caribbean climb
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8/30/2022 | HY | Market Commentary: More red in junkland; Ford active, but flat; Charter on a 97-handle; Carvana retests lows
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8/29/2022 | HY | Market Commentary: Morning Commentary: Tellurian launches 11¼% notes/warrants deal; junk slips ¼ point
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8/16/2022 | DDHY | S&P shifts Carvana view to stable
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8/5/2022 | HY | Market Commentary: Junk softens after jobs report; Charter below par; Advisor at a premium; Carvana gains
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8/3/2022 | HY | Market Commentary: ETF-buying lifts secondary; AMC, Carvana lifted pre-earnings; Spirit AeroSystems falls
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7/29/2022 | HY | Market Commentary: Avient reopens HY primary; secondary rally continues, posts strong monthly gains; Avaya tanks
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7/18/2022 | HY | Market Commentary: Patagonia Holdco plans roadshow; Carvana notes up; Gap paper improves
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7/15/2022 | HY | Market Commentary: Secondary rallies, erases losses for the week; high-quality junk bond paper in demand
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7/14/2022 | HY | Market Commentary: Junk bonds fall post-earnings; Carvana scrapes bottom; Carnival mixed; funds out $652 million
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7/14/2022 | HY | Market Commentary: Morning Commentary: High-yield drops ½ point as equities slide; funds brace for weekly outflows
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7/11/2022 | HY | Market Commentary: Tenneco, Cornerstone deals awaited; secondary quiet ahead of inflation data; Twitter falls; Carvana retests lows
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7/8/2022 | HY | Market Commentary: Tenneco pre-markets LBO deal; junk secondary closes week with gains; CCCs underperform
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7/6/2022 | HY | Market Commentary: Junk: Neogen prices; Cano Health gains on buyout speculation; CCC credits pressured
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7/5/2022 | HY | Market Commentary: Neogen on tap; junk bond energy names under pressure; Carvana volatile
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6/24/2022 | HY | Market Commentary: Secondary junk market surges, closes week with gains; Carnival rebounds; Carvana rises
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6/15/2022 | HY | Market Commentary: Junk secondary rallies as Fed hikes rate 75 bps; Cleveland-Cliffs erases losses; Post rises
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6/15/2022 | HY | Market Commentary: Morning Commentary: Junk secondary higher ahead of Fed decision; Intertape notes on deck
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6/13/2022 | HY | Market Commentary: Iris deal looms alone; secondary returns plunge past negative 12%; Coinbase tanks; Carvana on an 80-handle
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6/13/2022 | HY | Market Commentary: Rite Aid mixed after tender kick-off; DISH drops; Talen higher; distress ratio climbs
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6/13/2022 | HY | Market Commentary: Morning Commentary: High yield opens week sharply lower as 10-year Treasury crosses 3¼%
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6/10/2022 | HY | Market Commentary: Secondary junk ‘in pain’, erases gains from late May rally; CDK, Maxar, Callon under water
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6/8/2022 | BWHY | Carvana CEO: Increased prices, interest driving down used car sales
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5/31/2022 | HY | Market Commentary: Equitrans, Darling price HY drive-bys; Carnival, Carvana come in; United Rentals down
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5/26/2022 | HY | Market Commentary: Risk-on junk bond rally continues; Carnival above water; Carvana short-duration notes jump
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5/24/2022 | HY | Market Commentary: Morning Commentary: Volvo brings €500 million green notes; broader junk bond prices slip
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5/20/2022 | HY | Market Commentary: Carnival rally fades, new notes close under water; Carvana mixed; II-VI down
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5/18/2022 | HY | Market Commentary: Carnival prices; junk secondary ‘in pain’; Carvana retests low; retail names pressured
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5/18/2022 | HY | Market Commentary: Endo bonds mixed on restructuring reports; Michaels paper declines; Triumph notes slip
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5/17/2022 | HY | Market Commentary: Morning Commentary: Elis reopens European high-yield primary; Carvana notes rebound
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5/13/2022 | HY | Market Commentary: Morning Commentary: Junk opens ¼ point better; bargain hunters lift stressed names
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5/12/2022 | HY | Market Commentary: HY secondary returns plunge past negative 10%; Coinbase dives further; Carrols pressured
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5/12/2022 | HY | Market Commentary: Morning Commentary: Coinbase bonds take another big hit; junk slips amid volatility
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5/11/2022 | HY | Market Commentary: Carvana notes slide; Talen higher; Diebold Nixdorf edges up; Cooper-Standard better
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5/11/2022 | HY | Market Commentary: Junk downtrend resumes; Carvana plunges on mass firing; Coinbase falls; Fresh Market up
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5/11/2022 | HY | Market Commentary: Morning Commentary: Junk edges up early; Fresh Market bonds jump on acquisition news
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5/10/2022 | HY | Market Commentary: Junk secondary holds for a day; Frontier at a premium; Carvana continues to hemorrhage
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5/9/2022 | HY | Market Commentary: Frontier prices, existing notes drop; selling pressure continues; Party City drops; Carvana hits new low
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5/6/2022 | HY | Market Commentary: Junk returns plummet past negative 9%; Endo craters; DISH falls post-earnings
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5/5/2022 | HY | Market Commentary: Secondary retests lows; Carvana reclaims 97-handle; CommScope up; HY funds out $1.1 billion
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5/4/2022 | HY | Market Commentary: Junk secondary lifted on Fed announcement; Carvana claws back; Charter gains; Uber mixed
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5/4/2022 | HY | Market Commentary: Morning Commentary: Junk slips on low volume ahead of Fed; Carvana 10¼% notes higher
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5/3/2022 | HY | Market Commentary: Junk trading firms, CCC credits lifted; Carvana revs up; McAfee bounces back; Uber lifts
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5/3/2022 | HY | Market Commentary: Morning Commentary: Biofarma €345 million buyout deal starts roadshow; ETFs see inflows
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5/2/2022 | HY | Market Commentary: Diebold Nixdorf, Carvana notes mixed; Transocean declines; Talen, Diamond Sports higher
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5/2/2022 | HY | Market Commentary: Carvana improves; Medline hits new low; Springs Window sinks
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5/2/2022 | HY | Market Commentary: Morning Commentary: Junk slips as first May session gets underway; outflows continue
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4/29/2022 | HY | Market Commentary: Junk secondary closes April with negative 8% returns; Carvana dives; Diebold carnage continues
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4/29/2022 | HY | Market Commentary: Diebold Nixdorf sinks; Carvana lower; Talen flat, CDS spreads widen; Rite Aid softens
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4/29/2022 | HY | Market Commentary: Morning Commentary: New Carvana bonds continue to slouch; debut issuer Bioventus on tap
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4/28/2022 | HY | Market Commentary: Bioventus moves in junk primary; Carvana needs a tow; Mineral Resources at a premium
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4/28/2022 | HY | Market Commentary: Carvana paper flirts with distressed space; Endo under pressure; Mallinckrodt softens
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4/27/2022 | HY | Market Commentary: Mineral Resources, Carvana price; Twitter softens; NCR down; Diebold Nixdorf tanks
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4/27/2022 | HY | New Issue: Carvana prices upsized $3.28 billion 10¼% eight-year notes at par
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4/27/2022 | DDHYPF | S&P lowers Carvana
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4/27/2022 | HYPF | Carvana talks upsized $3.28 billion eight-year notes at 10¼%, withdraws $1 billion preferreds
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4/26/2022 | HY | Market Commentary: Carvana’s existing notes drop; Twitter gains continue; American Bath pops; junk calendar grows
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4/26/2022 | HY | Market Commentary: Secondary action dominated by Twitter, Carvana; Carvana paper declines; Exela softens
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4/25/2022 | HY | Market Commentary: Carvana on deck; secondary volatile; Twitter jumps on takeover; Gap losses mount
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4/25/2022 | DDHY | Moody's cuts Carvana, rates notes Caa2
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4/25/2022 | DDHY | S&P rates Carvana notes CCC+
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4/25/2022 | HY | Carvana starts roadshow for $2.28 billion eight-year senior notes; initial guidance 10½% area
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4/22/2022 | HY | Market Commentary: Carvana edges up after stock sale; Endo under pressure; Mallinckrodt higher over week
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4/22/2022 | HY | Market Commentary: Secondary heavy in light volume; VistaJet sinks lower; Gap under pressure; Carvana reverses
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4/22/2022 | HY | Market Commentary: Morning Commentary: Junk opens ¼ point lower; HCA bonds widen as company pares guidance
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4/21/2022 | HY | Market Commentary: Junk market: Carvana eyed, weaker in secondary; VistaJet under water; Vermilion weakens
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4/21/2022 | HYPF | Carvana expected to price $1 billion of notes, $1 billion of preferreds on Tuesday; talk emerges
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4/21/2022 | HY | Market Commentary: Morning Commentary: Junk opens ¼ point better; VistaJet 7 7/8% notes below issue price
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4/20/2022 | HY | Carvana plans eight-year senior notes for auction-business purchase
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4/20/2022 | HYPF | Carvana plans $1 billion offering of perpetual preferreds
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3/1/2022 | BKHY | Moody’s eyes Carvana for downgrade
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2/28/2022 | HY | Market Commentary: Morning Commentary: Junk opens weaker; Renewable Energy bonds spike on acquisition
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8/20/2021 | HY | Market Commentary: Morning Commentary: Macy's bonds improve post-earnings; Sylvamo senior notes on deck
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8/17/2021 | HY | Market Commentary: Morning Commentary: Junk opens lower; recent deals trade mixed; MultiPlan on deck
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8/13/2021 | HY | Market Commentary: SeaWorld sells junk bonds; AdaptHealth, Wolverine, Eldorado move up; Stagwell, Carvana flat
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8/12/2021 | HY | Market Commentary: Four issuers sell low-grade bonds; W.R Grace outperforms; Royal Caribbean, Tallgrass flat
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8/12/2021 | HY | New Issue: Carvana sells $750 million eight-year notes at par to yield 4 7/8%
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8/12/2021 | HY | Carvana driving by with $750 million eight-year notes; talk in 5% area
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8/12/2021 | CVDDHY | S&P rates Carvana notes CCC+
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3/26/2021 | HY | Market Commentary: Primary prices $2.35 billion; Pilgrim’s Pride flat; Carvana at a premium; WeWork skyrockets
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3/25/2021 | HY | New Issue: Carvana sells upsized $600 million six-year notes at par to yield 5½%
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3/25/2021 | CVHY | S&P assigns CCC+ to Carvana notes
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3/25/2021 | HY | Carvana driving by with $500 million six-year notes; initial guidance in 5¾% area
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9/25/2020 | HY | Market Commentary: Morning Commentary: Junk unchanged on low volume; Varex on deck; outflows continue
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9/24/2020 | HY | Market Commentary: Two junk deals price; Carvana lags; QTS, Centene, GCI flat; funds lose $4.22 billion
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9/23/2020 | HY | Market Commentary: Primary prices $4.75 billion in six tranches; Fresh Market, Antero gain in uncertain market
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9/23/2020 | HY | New Issue: Carvana prices upsized $1.1 billion of notes in two tranches
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9/22/2020 | HYLM | Carvana to redeem $600 million in 8 7/8% notes due 2023
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9/22/2020 | CVDDHY | S&P rates Carvana notes CCC+
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9/22/2020 | HY | Carvana to price $1 billion two-part notes offering on Wednesday
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5/22/2019 | HY | Market Commentary: IHO (Schaeffler), IAA, Builders FirstSource, Jefferies Finance price; Amsted holds; Taylor Morrison lags
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5/21/2019 | HY | Market Commentary: Amsted Industries, Taylor Morrison price; Mallinckrodt craters; First Quantum drops
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5/21/2019 | HY | New Issue: Carvana prices $250 million tap of 8 7/8% notes due 2023 at 100.5 to yield 8.693%
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5/20/2019 | HY | Market Commentary: IAA on tap; Carvana to price add-on; Sprint gains on merger news; Berry Global tranches mixed
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5/20/2019 | HY | Carvana to sell $250 million tap of 8 7/8% notes due 2023 on Tuesday
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9/17/2018 | HY | Market Commentary: Clearway prices; Refinitiv downsizes; International Game Technology on tap; Carvana, Enova weaken
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9/14/2018 | HY | Market Commentary: Schweitzer-Mauduit, Carvana, Enova, Fortress price; Refinitiv, AkzoNobel on tap; AMC down
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9/14/2018 | HY | New Issue: Carvana prices upsized $350 million 8 7/8% five-year notes at par
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9/13/2018 | HY | Market Commentary: Schweitzer-Mauduit, Carvana, Enova, Fortress on tap; Pacific Drilling trades up; funds lose $862 million
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9/13/2018 | HY | Carvana talks $300 million five-year senior notes at 9% area yield; pricing Friday
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9/10/2018 | HY | Market Commentary: Schweitzer-Mauduit, Enova, Carvana on tap; Tesla pares losses; BlueLine Rental up on acquisition
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9/10/2018 | CVDDHY | S&P assigns CCC+ to Carvana notes
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9/10/2018 | CVDDHY | Moody’s rates Carvana B3, notes Caa2
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9/10/2018 | HY | Carvana sets roadshow for $300 million five-year senior notes
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