How about a restructuring of yrc’s loans?I see what they are against. What do they propose going forward?
What do you put up as collateral for said refinance? Think what their implying is a 5 year contract will be the collateral.How about a restructuring of yrc’s loans?
I go with the original collateral; yrc. The company is doing better than it was 3yrs ago and the economy has improved. Look at UPS 3[SUP]rd[/SUP] quarter report. Remember, this is a refinance not loan origination. The banks are on the hook now!What do you put up as collateral for said refinance? Think what their implying is a 5 year contract will be the collateral.
Maybe so, this stuff is way over my head. Just seems the banks don't lower interest rates just cuz they like you.I go with the original collateral; yrc. The company is doing better than it was 3yrs ago and the economy has improved. Look at UPS 3[SUP]rd[/SUP] quarter report. Remember, this is a refinance not loan origination. The banks are on the hook now!
Maybe so, this stuff is way over my head. Just seems the banks don't lower interest rates just cuz they like you.
Seen the same article , why did they wait so long to have this meeting.... Something don't sound right....Can you imagine what the banks will charge them to refinance? Also,just read Bloomberg article that says they need to start refinance process by next Friday, the 15 th.
Maybe so, this stuff is way over my head. Just seems the banks don't lower interest rates just cuz they like you.
Seen the same article , why did they wait so long to have this meeting.... Something don't sound right....
Maybe so they can push it through quick and not let us think about it too long.
Sounds like "vote yes so we can see what's in it!"Not enough time for a vote, that lots of Fine print could be attached to it and not know what you voted for. Welch' way of calling our bluff.
It won't be cheep I'm sure. Then again maybe they do like us.Can you imagine what the banks will charge them to refinance? Also,just read Bloomberg article that says they need to start refinance process by next Friday, the 15 th.
I go with the original collateral; yrc. The company is doing better than it was 3yrs ago and the economy has improved. Look at UPS 3[SUP]rd[/SUP] quarter report. Remember, this is a refinance not loan origination. The banks are on the hook now!
I see what they are against. What do they propose going forward?
Seen the same article , why did they wait so long to have this meeting.... Something don't sound right....
I think they were waiting to see if ABF contract was ratified, now they want to put out something positive with earnings Tuesday, thats why they postponed it twice, plus their under time restraints to refi.That's the things are done at YRC. Ass backwards
The strong reason would be no more interest payments at the high interest rates and they would have to liquidate YRC. Liquidating any company is a hassle but one the size of YRC with its worn out equipment would be that much more expensive to liquidate. Does anyone have any idea (ball park) how much it would cost to appraise and liquidate a company the size of yrc?Banks are on the hook and collecting usury interest rates, if you want them lowered the banks need a strong reason to charge less for the same thing..........................
I go with the original collateral; yrc. The company is doing better than it was 3yrs ago and the economy has improved. Look at UPS 3[SUP]rd[/SUP] quarter report. Remember, this is a refinance not loan origination. The banks are on the hook now!