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A Wall Street transportation analyst said market conditions are throwing serious doubt on whether YRC Worldwide’s proposed debt-for-equity exchange can win a vote by bondholders Dec. 8, forcing the trucking giant to adjust its terms.
“Current bond prices imply an overly aggressive profit recovery scenario for YRCW, which suggests that 95 percent of bondholders will not support the debt-for-equity swap,” said Jon A. Langenfeld of investment management firm...
Analyst Says YRC Equity Swap Imperiled | Journal of Commerce
“Current bond prices imply an overly aggressive profit recovery scenario for YRCW, which suggests that 95 percent of bondholders will not support the debt-for-equity swap,” said Jon A. Langenfeld of investment management firm...
Analyst Says YRC Equity Swap Imperiled | Journal of Commerce
