KAR Auction Services,Inc. (NYSE:KAR) Files An 8-K Other Events

KAR Auction Services,Inc. (NYSE:KAR) Files An 8-K Other Events

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Item8.01 Other Events.

On May22, 2017, KAR Auction Services,Inc. announced that it has
priced its previously announced offering of 5.125% senior notes
due 2025. The size of the offering has been increased from $800
million to $950 million. The Company also announced today that it
expects to complete the repricing of the term loans under its
senior secured credit facilities that will remain outstanding and
to increase the revolving commitments under its senior secured
credit facilities from $300 million to $350 million.

A press release announcing the pricing of the notes, the expected
repricing of the term loans and the expected increase of
revolving commitments under the senior secured credit facilities
is attached as Exhibit99.1 hereto.

Item9.01 Financial Statements and
Exhibits.

(d)Exhibits.

99.1

Press release dated May22, 2017 KAR Auction Services
Announces Pricing and Upsizing of Debt Financing


About KAR Auction Services, Inc. (NYSE:KAR)

KAR Auction Services, Inc. is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc. (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc. (IAA) and Automotive Finance Corporation (AFC). The ADESA segment is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. It serves its customer base through online auctions and auction facilities that are developed and located to draw professional sellers and buyers together, and allow the buyers to inspect and compare vehicles remotely or in person. As a provider of salvage vehicle auctions and related services, it operates as IAA in the United States and Impact Auto Auctions in Canada, and serves customer base through salvage auction locations throughout North America. The AFC segment provides floorplan financing to independent used vehicle dealers.

KAR Auction Services, Inc. (NYSE:KAR) Recent Trading Information

KAR Auction Services, Inc. (NYSE:KAR) closed its last trading session up +0.85 at 43.78 with 918,625 shares trading hands.

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