Openlane announces results of offer to purchase certain of its outstanding 5.125% senior notes due 2025

Carmel, ind. , june 2, 2023 /prnewswire/ -- openlane, inc. (f/k/a kar auction services, inc.) (nyse: kar) (the "company"), today announced the results of its previously announced offer to purchase (the "asset sale offer") up to $140,000,000 of its 5.125% senior notes due 2025 (the "notes") for cash at a price equal to 100% of the principal amount of the notes, equivalent to $1,000 per $1,000 principal amount of notes, plus accrued and unpaid interest, if any, for such notes up to, but not including, june 2, 2023.
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