Carvana (NYSE:CVNA) shares surged more than 29% intra-day today after the troubled online auto dealership revealed a significant debt restructuring plan that increases its chances of avoiding bankruptcy. The restructuring involves postponing a large bond redemption deadline by three years from 2025 and offering payment-in-kind (PIK) to conserve cash. Bondholders can exchange bonds with a … Continue reading Carvana Shares Jump 29 percent Intra-Day on Bond Exchange Plan