Openlane completes repurchase of 53% of series a convertible preferred stock

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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