Financing ·
OpenLane extends termination dates of its Receivables Purchase Agreement and Canadian receivables facility to January 31, 2030
KAROPENLANE, Inc.
OpenLane announced that its subsidiary Automotive Finance Corporation extended the termination date of its Receivables Purchase Agreement from January 31, 2028 to January 31, 2030. Additionally, OpenLane amended its Canadian receivables facility to extend the commitment expiration date to the same date. These amendments secure continued access to financing for the company's automotive auction and finance operations. The company operates in the online used vehicle marketplace industry.