Openlane Inc. Boosts Canadian Receivables Purchase Agreement Limit to C$500 Million

Reuters11-19

Openlane Inc. Boosts Canadian Receivables Purchase Agreement Limit to C$500 Million

Openlane Inc. announced that its subsidiary, Automotive Finance Canada Inc. (AFCI), has entered into an amendment to its existing Canadian Receivables Purchase Agreement with Computershare Trust Company of Canada, BMO Nesbitt Burns Inc., and Royal Bank of Canada. Under this amendment, the program limit for the receivables purchase facility has been increased from C$375 million to C$500 million, expanding the company's available financing capacity.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001395942-25-000070), on November 18, 2025, and is solely responsible for the information contained therein.

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