Carvana is a rare case of lenders working together to agree restructuring terms and could be a blueprint for other distressed debt situations, according to Bloomberg News’ Erin Hudson. The used-car seller won a second chance by eliminating $1.2 billion of debt, but it still faces fundamental headwinds. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also asks Bloomberg Intelligence analyst Aidan Cheslin about the risks to Telecom Italia’s bonds as the company sells assets to reduce leverage. Cheslin also looks at the potential for Spanish tower operator Cellnex to become a rising star.See omnystudio.com/listener for privacy information.