any one know what happend there?
YRC Worldwide Receives Significant Support for Debt-for-Equity Offers
-- 72% of Note Holders Have Tendered to Date
-- YRCW Extends Expiration Date for Additional Tenders Pending SEC Review
Overland Park, Kan., Dec. 9 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) announced today that a significant number of its note holders have tendered their notes pursuant to the company's debt-for-equity exchange offers. The company has extended the expiration date for the exchange offers until 11:59 p.m., New York City time, on December 15, 2009 to provide additional time for all conditions to the offers to be met. The Securities and Exchange Commission (SEC) has continued to review the company's Registration Statement on Form S-4 relating to the exchange offers and has not yet declared the Registration Statement effective, which is a condition of the offers, among others. The exchange offers include each of the following outstanding series of notes:
the company's 5.0% Net Share Settled Contingent Convertible Senior Notes and 5.0% Contingent Convertible Senior Notes due 2023,
the company's 3.375% Net Share Settled Contingent Convertible Senior Notes and 3.375% Contingent Convertible Senior Notes due 2023, and
the 8 1/2% Guaranteed Notes due April 15, 2010 of the company's wholly owned subsidiary, YRC Regional Transportation, Inc.