OPENLANE Completes Repurchase of 53% of Series A Convertible Preferred Stock [Yahoo! Finance]
KAR Auction Services, Inc (KAR)
Last kar auction services, inc earnings: 2/18 05:00 pm
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US:NYSE Investor Relations:
karauctionservices.com/investor-relations
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Source: Yahoo! Finance
operator of digital marketplaces for wholesale used vehicles, today announced it has closed its repurchase of 53% of the Company's Series A Convertible Preferred Stock and amended its existing Credit Agreement with an additional $550 million in secured term loans to finance the repurchases. OPENLANE (PRNewsfoto/KAR) "I am very pleased that our financing was substantially oversubscribed, allowing us to tighten pricing and achieve an even more preferred rate," said Brad Herring, EVP and CFO of OPENLANE. "I believe this level of interest and support from the investment community reinforces the strong cash generation characteristics of our asset-light digital marketplace and OPENLANE's positioning for continued growth. We remain focused on executing our strategy committed to delivering long-term shareholder value." OPENLANE Contacts: Media Inquiries: Analyst Inquiries: Laurie Dippold Bill Wright laurie.dippold@openlane.com investor_relations@openlane.com About OPENLANE
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KAR
Earnings
- 11/5/25 - Beat
KAR
Sec Filings
- 12/3/25 - Form 4
- 12/2/25 - Form 144
- 11/18/25 - Form 8-K
- KAR's page on the SEC website