A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022.
Armando L. Sanchez | Tribune News Service | Getty Images
Carvana said the agreement will eliminate over 83% of its 2025 and 2027 unsecured note maturities and lower its required cash interest expense by more than $430 million per year for the next two years.
In a separate public filing Wednesday, the company said it will sell up to $1 billion in shares as it attempts to raise capital and restructure its operations.
Shares of the…