R-14Driver
TB Legend
- Credits
- 0
- Proceeds to Satisfy Remaining 2010 Note Obligations
- Remaining Proceeds to Provide Working Capital
- Preferred Stock Now Converted to Common Stock
OVERLAND PARK, Kan., Feb. 23 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) today reported it closed on the first tranche of the previously announced transaction for a private placement of $70 million in principal amount of unsecured 6% Senior Notes due 2014. The company will use the net proceeds from both tranches of the private placement to satisfy its remaining 2010 note obligations, with any excess proceeds available to be used for general corporate purposes. At the note holders' option, the notes are convertible into shares of the company's common stock at an initial conversion price of $0.43 per share, subject to adjustment......
YRC Worldwide Closes on First Tranche of $70 Million New Notes -- OVERLAND PARK, Kan., Feb. 23 /PRNewswire-FirstCall/ --
- Remaining Proceeds to Provide Working Capital
- Preferred Stock Now Converted to Common Stock
OVERLAND PARK, Kan., Feb. 23 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) today reported it closed on the first tranche of the previously announced transaction for a private placement of $70 million in principal amount of unsecured 6% Senior Notes due 2014. The company will use the net proceeds from both tranches of the private placement to satisfy its remaining 2010 note obligations, with any excess proceeds available to be used for general corporate purposes. At the note holders' option, the notes are convertible into shares of the company's common stock at an initial conversion price of $0.43 per share, subject to adjustment......
YRC Worldwide Closes on First Tranche of $70 Million New Notes -- OVERLAND PARK, Kan., Feb. 23 /PRNewswire-FirstCall/ --
