{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-005617","form_type":"8-K","ticker":"OPLN","cik":"0001395942","company_name":"OPENLANE, Inc.","filed_at":"2024-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.047600+00:00","generated_at":"2026-06-06T20:32:31.407574+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"OPENLANE enters into C$175M Canadian revolver and C$50M sublimit to finance Manheim Canada acquisition","bullets":["First Amendment establishes C$175M 2024 Canadian Revolving Facility for ADESA Auctions Canada.","Also creates a C$50M Canadian sublimit borrowable under the existing revolving facility.","Proceeds to partially fund asset acquisition from Manheim Canada, plus fees and working capital.","Interest on CORRA loans ranges from CORRA +2.50% to +3.00%; Prime loans from Prime +1.50% to +2.00%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-005617","json":"https://secwatch.observer/filing/0001104659-24-005617.json","markdown":"https://secwatch.observer/filing/0001104659-24-005617.md","text":"https://secwatch.observer/filing/0001104659-24-005617.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1395942/000110465924005617/0001104659-24-005617-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1395942/000110465924005617/tm243758d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:32:31.407574+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dd34ce65cd7a6685da60eb01ed1ece43a4523906","claim":"OPENLANE, Inc. amended First Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at C$175,000,000 (effective 2024-01-19).","evidence_excerpt":"OPENLANE, Inc. (the “ Company ”) and ADESA Auctions Canada Corporation, a subsidiary of the Company (the “ Canadian Borrower ”), entered into a First Amendment Agreement (the “ First Amendment ”) to the Credit Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1395942/000110465924005617/0001104659-24-005617-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"C$175,000,000"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}