Sam, not being a YRC cheerleader, not sure if all of your information is totally accurate. From what I've read, the interest rate is around 9 pct, but adjustable annually. Also, I found this quote from Market Watch,
Is YRC Worldwide’s Debt in Line with Its Peers in 2017?
By Samuel Prince Aug 8, 2017 3:47 pm EDT
YRC Worldwide’s debt
In this part of the series, we’ll look at YRC Worldwide’s (
YRCW) debt. On June 30, 2017, its total debt stood at $998.0 million. The debt included secured and unsecured CDA (contribution deferral agreement) notes, capital leases, and term loans. As of June 30, 2017, YRCW’s cash and cash equivalents were $215.2 million.
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At the end of 2016, the company saw its lowest debt levels since 2005. That same year, YRCW reduced its debt by $70.0 million. On the 2Q17 earnings call, the company said, “Since the end of 2013, we have improved our capital structure by reducing long-term debt by almost $400 million while reinvesting in the company.”