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WSJ News Exclusive | Carvana, once market darling, forced to turn to Apollo for cash

Byadmin April 27, 2022

carvana Co. CVNA -1.95% Financial problems spread to debt markets this week when the online used-car dealership struggled to sell bonds and was forced to turn to Apollo Global Management Inc. APO 2.67% for $1.6 billion to salvage the case. The giant investment firm has agreed to buy about half of the $3.275 billion in…

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