YRC reaches deal with lenders

Tuesday, May 01, 2012

YRC Worldwide said Monday it had reached an agreement with lenders to reset certain financial covenants over the life of loans and allow the company to retain all proceeds from the auction of certain surplus properties. James Welch, YRC's chief executive officer, said the agreement "will allow us to continue building on our current momentum and successes." "YRCW has the financial flexibility needed to support our growth strategies and to continue gaining mar...

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