UK markets closed

Cazoo Group Ltd (CZOO)

NYSE - Nasdaq Real-time price. Currency in USD
Add to watchlist
4.4747+0.1247 (+2.87%)
As of 02:14PM EST. Market open.
Full screen
Loading interactive chart…
  • The Telegraph

    Used car retailer Cazoo seeks cash lifeline to escape insolvency

    The troubled used car supermarket Cazoo is scrambling for a lifeline as it sinks further into a funding crisis.

  • Reuters

    British car retailer Cazoo flags limited liquidity

    Cazoo had cash and cash equivalents of 194.6 million pounds ($246.11 million) as of June 30, and expects to end the year with cash between 100 million pounds and 115 million pounds. The warning comes less than two weeks after Cazoo said it completed its debt restructuring and other related transactions that helped reduce debt from $630 million to $200 million, prior to which it also announced a reverse stock split to help raise capital. Cazoo in August raised substantial doubt about its ability to continue as a going concern, struggling with persistent inventory problems amid a tough economic backdrop across its UK and global markets.

  • Business Wire

    Cazoo Announces Completion of Debt Restructuring and Related Transactions on December 6, 2023

    LONDON & NEW YORK, December 07, 2023--Cazoo Group Ltd (NYSE: CZOO) ("Cazoo" or "the Company"), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the completion of its restructuring transactions (the "Transactions") on December 6, 2023. The Transactions significantly de-levered the Company through the exchange of $630 million aggregate principal amount of 2.00% Convertible Senior Notes due 2027 for a pro rata port