---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-25-000070"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2025-11-18T23:59:59+00:00"
generated_at: "2026-05-16T18:44:40.902552+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# OPENLANE ups Canadian receivables facility limit by C$125M to C$500M

## Summary
- Program limit under Canadian RPA increased from C$375M to C$500M via Amendment No. 3.
- Amendment dated Nov 18, 2025; parties include BMO Nesbitt Burns and Royal Bank of Canada.
- OPENLANE acts as performance guarantor; subsidiary Automotive Finance Canada Inc. as seller/servicer.
- Exhibit shows Section 6.1(s) limit amended from $400M to $525M (likely CAD) — discrepancy with body's C$500M.

## SEC filing metadata
- accession: 0001395942-25-000070
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2025-11-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594225000070/0001395942-25-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594225000070/kar-20251118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-25-000070
- JSON: https://secwatch.observer/filing/0001395942-25-000070.json
- Plain text: https://secwatch.observer/filing/0001395942-25-000070.txt

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