Openlane Inc. Expands Canadian Receivables Purchase Agreement to C$375 Million with Key Financial Institutions
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Openlane Inc. has expanded its Canadian Receivables Purchase Agreement to C$375 million, increasing its financial capacity. The amendment, effective May 23, 2025, involves key financial institutions such as Computershare Trust Company of Canada, BMO Nesbitt Burns, Inc., and the Royal Bank of Canada. The Program Limit was raised from C$300 million to C$375 million, enhancing Openlane's financial flexibility. Further details will be provided in the upcoming quarterly report for the period ending June 30, 2025.
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