---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-25-000038"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T07:43:10.296735+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# OPENLANE subsidiary increases Canadian receivables facility to C$375M

## Summary
- Program limit raised from C$300M to C$375M under Amendment No. 2 dated May 23, 2025.
- Amendment involves Automotive Finance Canada Inc. and lender groups BMO and RBC.
- Full text of Amendment No. 2 to be filed with Q2 2025 Form 10-Q.

## SEC filing metadata
- accession: 0001395942-25-000038
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594225000038/0001395942-25-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594225000038/kar-20250523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-25-000038
- JSON: https://secwatch.observer/filing/0001395942-25-000038.json
- Plain text: https://secwatch.observer/filing/0001395942-25-000038.txt

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