OPENLANE Inc. Announces $559 Million Repurchase of Series A Convertible Preferred Stock

Reuters

Sep 10, 2025

OPENLANE Inc. Announces $559 Million Repurchase of Series A Convertible Preferred Stock

OPENLANE, Inc. $(KAR)$, a leading digital marketplace operator for wholesale used vehicles, has announced a significant repurchase of its Series A Convertible Preferred Stock. The company has finalized agreements to buy back 53% of the units originally issued in June 2020. The transaction involves cash consideration of approximately $559 million. The repurchase is set to close between September 30 and October 20, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Openlane Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG69897) on September 09, 2025, and is solely responsible for the information contained therein.

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Announces $559 Million Repurchase of Series A Convertible Preferred Stock","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      OPENLANE Inc. Announces $559 Million Repurchase of Series A Convertible Preferred Stock\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        OPENLANE, Inc. <a href=\"https://laohu8.com/S/KAR\">$(KAR)$</a>, a leading digital marketplace operator for wholesale used vehicles, has announced a significant repurchase of its Series A Convertible Preferred Stock. The company has finalized agreements to buy back 53% of the units originally issued in June 2020. The transaction involves cash consideration of approximately $559 million. 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Announces $559 Million Repurchase of Series A Convertible Preferred Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-10 05:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      OPENLANE Inc. 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