KAR Auction Services Announces Secondary Offering of 15.0 Million Shares Of Common Stock

KAR Auction Services, Inc. (NYSE: KAR ) (the "Company") announced today the commencement of an underwritten offering of 15.0 million shares of its common stock by existing stockholder KAR Holdings II, LLC (the "LLC"), subject to market and other conditions. The LLC is controlled by entities affiliated with Kelso