Openlane Inc., founded in 2005 and headquartered in Toronto, Canada, is a leading digital auction platform focused on the automotive industry. The company offers innovative solutions for buying and selling wholesale vehicles, providing a marketplace that connects dealers and buyers efficiently.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| KAR 5.13% 2025-06-01 USDOpenlane Inc. | United States | 2025-06-01 | 5.125 | 5.06 |
| KAR 5.13% 2025-06-01 USDOpenlane Inc. | United States | 2025-06-01 | 5.125 | 8.18 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Openlane began issuing bonds in 2010 to support its growth strategy, with notable bond offerings in 2015 and 2019 aimed at financing expansion projects and technology upgrades. The company’s bonds currently yield approximately 5.5%, which is competitive within the automotive aftermarket sector. A significant issuance in 2021 included a green bond to promote sustainable practices in vehicle sales, reflecting a growing trend toward environmental responsibility in corporate finance. Recent news highlights Openlane's plans to enhance its digital platform, promising potential future bond offerings to fund these advancements.