---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-22-000060"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2022-08-16T23:59:59+00:00"
generated_at: "2026-06-23T23:25:08.303146+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001395942-22-000060
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2022-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000060/0001395942-22-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000060/kar-20220816.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-22-000060
- JSON: https://secwatch.observer/filing/0001395942-22-000060.json
- Plain text: https://secwatch.observer/filing/0001395942-22-000060.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.