(AFX UK Focus) 2009-06-18 14:05 UPDATE 1-YRC has pension fund deal, new credit amendm

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(AFX UK Focus) 2009-06-18 14:05 UPDATE 1-YRC has pension fund deal, new credit amendm

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06-18-2009, 11:40 AM

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(AFX UK Focus) 2009-06-18 14:05 UPDATE 1-YRC has pension fund deal, new credit amendm

DETROIT, June 18 (Reuters) - YRC Worldwide Inc has reached a deal with a pension fund that allows the struggling No. 1 U.S. trucking company to use real estate as collateral in lieu of payments to the fund, YRC said on Thursday. The deal with the Central States multi-employer pension fund covers payment deferrals estimated at $83 million in the second quarter. The pact calls for YRC to repay the ...

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