secwatch.observer — SEC 8-K summary
======================================

Issuer:     OPENLANE, Inc. (OPLN)
CIK:        0001395942
Form:       8-K
Filed at:   2026-09-28T20:13:33+00:00
Accession:  0001395942-26-000033
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01
LLM model:  deepseek-v4.1-flash:cloud@v2

OPENLANE's AFC subsidiaries extend receivables facility termination dates to January 31, 2030
--------------------------------------------------------------------------------

- AFC and AFC Funding amended the Tenth Amended and Restated Receivables Purchase Agreement on Sept. 25, 2026, extending the facility termination date from Jan. 31, 2028 to Jan. 31, 2030.
- Automotive Finance Canada Inc. and OPENLANE entered Amendment No. 4 to the March 1, 2023 Receivables Purchase Agreement, also extending the termination date to Jan. 31, 2030.
- Lender groups include Fairway Finance, Fifth Third Bank, PNC Bank, Truist Bank, JPMorgan Chase, Royal Bank of Canada, Bank of Montreal, and U.S. Bank, among others.
- AFC Funding is a wholly owned, bankruptcy remote, consolidated special purpose subsidiary of AFC; Computershare Trust Company of Canada is trustee of AFCI Funding Trust.
- Both amendments will be filed as exhibits to OPENLANE's Form 10-Q for the quarter ended Sept. 30, 2026; CFO Bradley Herring signed the 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1395942/000139594226000033/0001395942-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1395942/000139594226000033/opln-20260925.htm
  HTML page:      https://secwatch.observer/filing/0001395942-26-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer