{"schema_version":"secwatch.filing_event.v1","accession":"0001395942-22-000062","form_type":"8-K","ticker":"OPLN","cik":"0001395942","company_name":"OPENLANE, Inc.","filed_at":"2022-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.433119+00:00","generated_at":"2026-06-23T05:53:15.984309+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"KAR Auction Services increases receivables facility to $2.0B, extends maturity to Jan 2026","bullets":["Aggregate maximum commitment under US Receivables Purchase Agreement increased from $1.70B to $2.00B.","Termination date for both US and Canadian agreements extended from Jan 31, 2024 to Jan 31, 2026.","Discount rate now based on SOFR for one-month tenor plus a spread.","Required enhancement percentage reduced; net spread trigger for level one trigger favorably modified.","Canadian program limit remains at $225.0 million."],"urls":{"canonical":"https://secwatch.observer/filing/0001395942-22-000062","json":"https://secwatch.observer/filing/0001395942-22-000062.json","markdown":"https://secwatch.observer/filing/0001395942-22-000062.md","text":"https://secwatch.observer/filing/0001395942-22-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1395942/000139594222000062/0001395942-22-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1395942/000139594222000062/kar-20220928.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T05:53:15.984309+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}