Carvana talking to Kirkland, Moelis about restructuring debt, Bloomberg says

Carvana is consulting with lawyers and investment bankers about options for managing its debt load as plunging used car prices and the company’s swift cash burn threaten its future solvency, Bloomberg reports. The online car seller has spoken with advisers at Kirkland & Ellis and Moelis & Co., according to people with knowledge of the matter. Carvana is considering possibilities while some of its largest creditors are banding together to negotiate as a bloc with the company, the publication adds. Reference Link