KAR Global receives $769M in tenders for $600M cap 2025 note buyback

OPENLANE, Inc.

$769,097,000 principal tendered vs $600M cap; proration applied to accepted amount.
Company to accept $600M at $1,007.50 per $1,000 principal plus accrued interest.
Early settlement on August 17, 2022; withdrawal rights expired Aug 15.
J.P. Morgan acted as dealer manager; D.F. King as information agent.
Tendered amount represents 80.96% of $950M outstanding notes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.