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Yellow | Zollars says agreement with lenders allows them to get back to work

I listened to the conference call this afternoon and was confused.

The new marker that replaces the previous debt covenants(at least for two years) is called consolidated EBITDA.

I won't try to explain it considering I really don't understand it fully. Check out the investopedia explaination.

EBITDA: Challenging The Calculation


Zollars seemed very confident about these new parameters. The analysts mentioned concerns of the notes due on USF in
2010 but the company says they will announce something soon.

At this point we can get back to the freight hauling business and hope the general economy starts to pick up some time soon.
 
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