Yellow | YRC Worldwide Extends Maturity of CDA Notes

Freightmaster1

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https://globenewswire.com/news-rele...-Worldwide-Extends-Maturity-of-CDA-Notes.html

“The extension of the CDA notes completes our efforts to extend the key components of our capital structure, including the Term Loan Credit Agreement and the ABL Facility,” said Stephanie Fisher, chief financial officer of YRC Worldwide. “This is a significant milestone and it provides additional runway to continue our operational transformation. I would like to thank our lenders for their support as we position the Company for long-term growth,” concluded Fisher.


9E7g0YU.jpg

Don't worry! Be happy we're keeping the doors open!

:19:
 
https://globenewswire.com/news-rele...-Worldwide-Extends-Maturity-of-CDA-Notes.html

“The extension of the CDA notes completes our efforts to extend the key components of our capital structure, including the Term Loan Credit Agreement and the ABL Facility,” said Stephanie Fisher, chief financial officer of YRC Worldwide. “This is a significant milestone and it provides additional runway to continue our operational transformation. I would like to thank our lenders for their support as we position the Company for long-term growth,” concluded Fisher.


9E7g0YU.jpg

Don't worry! Be happy we're keeping the doors open!

:19:

And keeping the doors open is a good thing isn't it? It allows those who want to work here the chance to stay and it gives those who hate working here the time to go find that better job that so many talk about. Win-win for everyone! :smile new:
 
If the Teamsters ever want to organize another transportation company or any company far as that goes they need to shut this yellow pig down this company makes the Teamsters look like a joke.
Hoffa ended up being the biggest joke of all no wonder nobody wants to drive a truck they need to start building more railroads or how you going to grow the economy what a bunch of crap.
 
If the Teamsters ever want to organize another transportation company or any company far as that goes they need to shut this yellow pig down this company makes the Teamsters look like a joke.
Hoffa ended up being the biggest joke of all no wonder nobody wants to drive a truck they need to start building more railroads or how you going to grow the economy what a bunch of crap.

Sounds like you're unhappy driving for Tonka.
 
If the Teamsters ever want to organize another transportation company or any company far as that goes they need to shut this yellow pig down this company makes the Teamsters look like a joke.
Hoffa ended up being the biggest joke of all no wonder nobody wants to drive a truck they need to start building more railroads or how you going to grow the economy what a bunch of crap.
In case you haven't noticed, the Teamsters Union is no longer interested in LTL trucking and has been divesting itself from the industry.Imo.
 
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In case you haven't noticed, the Teamsters Union is no longer interested in LTL trucking and has been divesting itself from the industry.Imo.

Can you imagine the self promulgation of our ‘leaders’ should ABF and UPSF negotiations yield positive outcome? There may be a very small pot of gold at the very end of our long faded rainbow that appears in so many shades of gray.
 
https://globenewswire.com/news-rele...-Worldwide-Extends-Maturity-of-CDA-Notes.html

“The extension of the CDA notes completes our efforts to extend the key components of our capital structure, including the Term Loan Credit Agreement and the ABL Facility,” said Stephanie Fisher, chief financial officer of YRC Worldwide. “This is a significant milestone and it provides additional runway to continue our operational transformation. I would like to thank our lenders for their support as we position the Company for long-term growth,” concluded Fisher.


9E7g0YU.jpg

Don't worry! Be happy we're keeping the doors open!

:19:
Someone must have crunched the numbers on the the upcoming Trump tax cut. It's the only place I can think of where they could get their hands on 25 million so quick & not have it effect anything else. Short or long term. Can't wait to here the dog "N" pony show tomorrow to explain all this.
So much for a "Bonus" for us pions!
 
Someone must have crunched the numbers on the the upcoming Trump tax cut. It's the only place I can think of where they could get their hands on 25 million so quick & not have it effect anything else. Short or long term. Can't wait to here the dog "N" pony show tomorrow to explain all this.
So much for a "Bonus" for us pions!
Maybe the PEONS will get a bonus!:hilarious:
 
We’re waaaaaay to old to hustle! Instead, we work ‘smart!’

Slow & steady wins the race![/QUOTE
Slow and steady got ran over by XPO, FedEx, OD, SAIA, R&L, etc.....Check out market share and Mastio score. The consumer ranks YRC almost dead last among 20+ LTL companies.
 
I can only speak for myself.

Not one day lost to injury in 40 years of driving truck, which includes 20 years of household before I came to freight.

I interact with all carriers, almost everyday.
I find little difference among any of them in P&D. Very few can run at a hectic pace for an extended period of time and avoid accidents and/or injuries.
 
https://globenewswire.com/news-rele...-Worldwide-Extends-Maturity-of-CDA-Notes.html

“The extension of the CDA notes completes our efforts to extend the key components of our capital structure, including the Term Loan Credit Agreement and the ABL Facility,” said Stephanie Fisher, chief financial officer of YRC Worldwide. “This is a significant milestone and it provides additional runway to continue our operational transformation. I would like to thank our lenders for their support as we position the Company for long-term growth,” concluded Fisher.


9E7g0YU.jpg

Don't worry! Be happy we're keeping the doors open!

:19:
YRCW has now paid the banks $1,300,000,000 in interest since 2009 when all the concessions when into place (aka "The Wong 15%"). That is where your money has gone.
I love the term they use in the press release, "Operational Transformation". How is see the "Transformation" is a company that continues to lose market share, continues to lower rates on the 3PL sector to attract business (at a significant loss), continues to take things away from employees to stay in business...Truly a going out of business plan...
 
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