OPENLANE, Inc. (KAR) Form 8-K — Sep 28, 2026
OPENLANE's subsidiary AFC and its AFC Funding special purpose entity amended their Tenth Amended and Restated Receivables Purchase Agreement on September 25, 2026, extending the facility termination date from January 31, 2028 to January 31, 2030. A parallel Amendment No. 4 extended the Canadian AFCI Funding Trust facility commitment expiration to the same January 31, 2030 date, with lenders including Fifth Third, PNC, JPMorgan Chase, RBC, BMO, Truist, and U.S. Bank.
Key figures
- Facility extension
- termination date extended from January 31, 2028 to January 31, 2030
- Us facility agreement
- Tenth Amended and Restated Receivables Purchase Agreement dated September 28, 2022
- Canada facility agreement
- Receivables Purchase Agreement dated March 1, 2023
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.