CARMEL, Ind., June 2, 2023 /PRNewswire/ -- OPENLANE, Inc. (f/k/a KAR Auction Services, Inc.) KAR (the "Company"), today announced the results of its previously announced offer to purchase (the "Asset Sale Offer") up to $140,000,000 of its 5.125% Senior Notes due 2025 (the "Notes") for cash at a price equal to 100% of the principal amount of the Notes, equivalent to $1,000 per $1,000 principal amount of Notes, plus accrued and unpaid interest, if any, for such Notes up to, but not including, June 2, 2023.