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Yellow | Analysts detail YRCW 2017

Oh No , NOT Higher Interest Rates again , Gee guess we better bump it up to -20% in 2019 yes sheep !!
 
BIG R GUY said:
Reading the article rather quickly there F, it seems to say they still need to cut costs, because their interest rates will be rising some... wonder how much more it will be in a yearly increase of interest dollars?
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YRC Worldwide entered into a new debt agreement in 2Q17. As a result, the company expects its interest expenses to rise ~1.0% going forward.

Well, 1% of a billion is 10 million so if debt is 980 million ,if it's a flat annual increase of 1% and not amortized monthly or quarterly it would rise 9.8 million.
 
Interesting that the spin on the refinance was a good thing because they got it done early. But just so we're clear nobody ever went to the bank early to refi at a higher rate.....except YRC of course. You only do that when you foresee a headwind, which would be the contract.
 
SamHouston said:
Interesting that the spin on the refinance was a good thing because they got it done early. But just so we're clear nobody ever went to the bank early to refi at a higher rate.....except YRC of course. You only do that when you foresee a headwind, which would be the contract.
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The Fed has started to raise interest rates. It's possible - I don't know for sure - that YRC did this to lock in the rate now before the interest rates increase even more. Of course anger at the company will totally block any rational thought/discussion about this.

https://www.washingtonpost.com/news...idence-in-the-economy/?utm_term=.ee41d33058db
 
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