Freightmaster1
TB Legend
- Credits
- 575
"As our financial performance has improved in recent years, we reduced our debt to the lowest level in more than a decade while at the same time reinvesting back into the Company," said James Welch, chief executive officer of YRC Worldwide. "Extending the term loan is an important step as we continue to position the Company for long-term success. We believe it is prudent to take the refinancing risk off the table before the term loan matured in early 2019, to focus on executing operationally and improving our financial results. We plan to continue evaluating additional opportunities to strengthen the Company for our customers, employees and investors," concluded Welch.
http://www.nasdaq.com/press-release...ndment-to-extend-the-term-loan-20170726-01504
http://www.nasdaq.com/press-release...ndment-to-extend-the-term-loan-20170726-01504