OPENLANE Completes Repurchase of 53% of Series A Convertible Preferred Stock
Provided By PR Newswire
Last update: Oct 8, 2025
Strong Market Demand for Term Loan Financing
CARMEL, Ind., Oct. 8, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced it has closed its repurchase of 53% of the Company's Series A Convertible Preferred Stock and amended its existing Credit Agreement with an additional $550 million in secured term loans to finance the repurchases.
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