---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-23-000045"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:44:13.469856+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# KAR Global commences $140M cash tender offer for its 5.125% Senior Notes due 2025

## Summary
- Offer to purchase up to $140M of $350M outstanding 5.125% Senior Notes due 2025.
- Purchase price is 100% of principal ($1,000 per $1,000) plus accrued interest.
- Offer expires June 2, 2023; pro rata if oversubscribed; funded by Carvana sale proceeds.
- Notes tendered below $140M will be fully repurchased; any excess subject to pro rata.

## SEC filing metadata
- accession: 0001395942-23-000045
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000045/0001395942-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000045/kar-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-23-000045
- JSON: https://secwatch.observer/filing/0001395942-23-000045.json
- Plain text: https://secwatch.observer/filing/0001395942-23-000045.txt

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