Yellow | Yrcw New Loan Agreement

Keepingon

TB Legend
Credits
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https://finance.yahoo.com/news/yrc-worldwide-announces-term-loan-131500540.html?.tsrc=applewf

Key provisions of the new Term Loan Agreement as compared to the Company’s prior term loan agreement include:

  • Full elimination of the annual principal amortization of 3% ($18 million in cash savings per year);

  • A reduction in the interest rate to LIBOR + 750 basis points from LIBOR + 850 basis points;

  • Replacement of the total leverage covenant with a new covenant to maintain a minimum of $200 million in last-twelve-month Adjusted EBITDA (defined as Consolidated EBITDA in the Term Loan Agreement);

  • Ability to reinvest cash proceeds on certain future property sales (first $40 million over loan term); and

  • Maturity of June 2024 from July 2022.
 
https://finance.yahoo.com/news/yrc-worldwide-announces-term-loan-131500540.html?.tsrc=applewf

Key provisions of the new Term Loan Agreement as compared to the Company’s prior term loan agreement include:

  • Full elimination of the annual principal amortization of 3% ($18 million in cash savings per year);

  • A reduction in the interest rate to LIBOR + 750 basis points from LIBOR + 850 basis points;

  • Replacement of the total leverage covenant with a new covenant to maintain a minimum of $200 million in last-twelve-month Adjusted EBITDA (defined as Consolidated EBITDA in the Term Loan Agreement);

  • Ability to reinvest cash proceeds on certain future property sales (first $40 million over loan term); and

  • Maturity of June 2024 from July 2022.
the yrc haters will not like these news at all....
 
If you loaded up on YRCW stock on September 3rd when it closed at $2.00 and sold today at the current price, $4.0850, you'd have made a return of over 104% in just a bit over a week. Not too shabby wouldn't you say?
 
Maybe now I can get a new set of theft proof mirrors??
There on back order but coming


LKUZ6Vx.jpg
 
Now I understand the significant bump in stock price. I didn’t see any murmurs of this yesterday. A few investors made a tidy profit on over 2M shares traded, with the trend continuing today.
I wondered about that myself, but still not willing to get my feet wet.
I'd like to see it continue.
If you loaded up on YRCW stock on September 3rd when it closed at $2.00 and sold today at the current price, $4.0850, you'd have made a return of over 104% in just a bit over a week. Not too shabby wouldn't you say?

What did I tell you about the bullfrog???
 
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