Discussion in 'YRC Freight' started by jenny807, Jul 10, 2017.
There's money for my retirement plus 15%.
More refinancing..less interest payments
Reading is a skill. Go read the link...
On July 10, 2017, YRC Worldwide Inc. (the “Company”) launched an amendment to its Term Loan Credit Agreement (the “Term Loan Agreement”) to extend the maturity date of the term loan up to July 2022 and to incorporate certain other changes based on negotiations with certain large lenders. In connection with preliminary discussions with certain of the lenders, the Company provided these lenders projected financial information for second quarter 2017 and full-year 2017.
Or, refinance to longer maturity date= More interest $$$ to the lender....
Less interests. You don't file this to give the banks more money. YRC isn't as stupid as most of you'll think they are.
If you say so....
Math is a skill. When you extend the period of your loan, you end up paying more in interest.
You file it because you cant pay it off by the end of the term and need even MORE time.
Like they were going to pay it off it 2019!!! This is the same thing the did too save 40million, and interest, and then spent it on new equipment starting in 2015. So many negative ass people on this site.
If it was bad news, trust me, the stock price would not be up 20% since June 1st.
Got news for you. They arent paying it off in 2022 either. Or 2025. The banks will keep extending the loan. Why? Interest. More interest.
This wasnt released in June
I remember that as well. 'We have all the lenders on board as long as we are able to extend the labor agreement'. And then their bonuses went flying Gee guess what is up in another 18 months or so??? Deja vue? Lots of gullible people in this company
Duhhhhhhhh.... it was released today, and the stock is up another 5%. Up 17 in June alone.
But no where near 2005 either....KK
Why not wait until the actual earnings release at the end of this month, and see how close those numbers are to what they, PROJECTED, to the banks today???
ROTFL I digg it Baby!