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Sport
Mark Webb

Carvana Shares Drop Sharply Amid Creditor Deal, Bankruptcy Rumors

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Carvana's stock price nosedived, falling more than 40 percent after news of a creditor deal on Wednesday. First reported by Bloomberg, the agreement includes Carvana's largest creditors, including Pacific Investment Management Company and Apollo Global Management. Combined, these companies hold approximately 70 percent of Carvana's unsecured debt. 

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