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BRIEF-Ally increases financing of retail contracts for Carvana to $2 billion
November 7, 2017 / 9:37 PM / 12 days ago

BRIEF-Ally increases financing of retail contracts for Carvana to $2 billion

Nov 7 (Reuters) - Ally Financial Inc

* Ally increases financing of retail contracts for Carvana to $2 billion

* Ally Financial - ‍entered into agreement to increase financing commitments for retail contracts from carvana to up to $2 billion over next 12 months​

* Ally Financial Inc - ‍under agreement, co will make funding available to carvana for financing and bulk purchases of contracts​

* Ally Financial Inc - ‍agreement increases co’s original $600 million commitment by an additional $1.4 billion​ Source text for Eikon: Further company coverage:

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