Yellow | Could this be good news ?

R-14Driver

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I have read many many articles and also the 8-k's that have come out trying to figure the debt ratio . Then today this article came out and I found a very very interesting statement in it !! I didn't change any of the wording from the article I just made the part bigger and bold to highlight it .

..................1. Details of balance sheet restructuring completed
On 22 July, YRCW announced that it had closed its financial restructuring plan. This involved the following:

3,717,948 preferred shares were issued in exchange for a portion of the company’s loans and other debt.
1,282,051 preferred shares were issued to the IBT Employee Stock Trust.
Series A notes ($140 million face value) were issued to a smaller group of the company’s lenders.
Series B notes ($100 million face value) were sold to investors, providing $100 million in additional liquidity.

The positives from the above are that $1,033,566,247 of debt was canceled, and that YRCW received $100 million proceeds from the Series B notes.................

Dilution Coming: Time Running Out for YRC Worldwide Shareholders - Seeking Alpha
 
R14 I'm surprised after all this time you still don't know that posting good news doesn't get a reaction?
lol-045.gif
 
Set me on course here but wasn't there a 300 million $ note due and they got new financing for it and an additional 100 million for spending from a new source? I don't recall that the whole 1 Billion+ debt would be forgiven.
That would be great for yrc but suck for the taxpayers. The banks won't lose a dime and will use more of the tarp funds to cover their loses if any.
The 400 million was asset backed, what was left has been set aside a long time ago with the banks liens to cover that debt.
 
I am far from knowing what is really going on but on a truck drivers level of thinking,this whole thing is on the balance of YRC turning around and becoming a viable company again,and the tax payers / tarp have nothing ta do with it!
 
I am far from knowing what is really going on but on a truck drivers level of thinking,this whole thing is on the balance of YRC turning around and becoming a viable company again,and the tax payers / tarp have nothing ta do with it!


So when you make it up to that level come back and give us your thoughts!

Do you even know what tarp stands for and what it was and is used for?
 
So when you make it up to that level come back and give us your thoughts!

Do you even know what tarp stands for and what it was and is used for?
I guess before you act like a XXXXXXXXXXXXXXX ..do your homework! YRC has nothing ta do with tarp! They never took any tarp money
 
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I guess before you act like a XXXXXXXXXXXXXXXX...do your homework! YRC has nothing ta do with tarp! They never took any tarp money


You really are a piece of work! How many duh moments do you have daily? Like I said, go study up on what tarp is for, then make your point again. If you are unable to, comeback and I'll explain it so even a 4yo can understand it.

PS: Hint, it has not to do with yrc but the banks that have made loans that can't be covered and are written off by the lenders and they're(banks)are made whole again by tarp(taxpayer money). I would guess that yrc would be concidered a possible troubled asset in the future. Thank you.
 
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I won't...I've said this before and I will repeat it once more,turdo is not smart enough to engage in an intellectual debate..its a waist of good time.


Not smart, just smarter then some. But since you're such an intellectual I'll point out that its waste, not waist.

Waist=A 54" waist size is what "you" have from sitting all day on your brain.

Waste=For instance, "texassflood is a waste"!
 
Not smart, just smarter then some. But since you're such an intellectual I'll point out that its waste, not waist.

Waist=A 54" waist size is what "you" have from sitting all day on your brain.

Waste=For instance, "texassflood is a waste"!
If thats the worst I do...I take it! since your keeping score,you failed to mention I mis-spelled turboj (turdo)..sorry about the typo..

turdo is not smart enough to engage in an intellectual debate..its a waist of good time.
 
If thats the worst I do...I take it! since your keeping score,you failed to mention I mis-spelled turboj (turdo)..sorry about the typo..

Again, re-read it carefully and you'll notice that I didn't miss it! And mine wasn't a typo!
 
R-14 sorry for hijacking this thread with insensitive non-information....I for one hate reading through pages of cat and mouse games..trying to find good solid information and fell victim to a girl that shares no viable information at all,she spreads hate and discontent on just about every thread on this board...

this will not happen again!
 
R-14 sorry for hijacking this thread with insensitive non-information....I for one hate reading through pages of cat and mouse games..trying to find good solid information and fell victim to a girl that shares no viable information at all,she spreads hate and discontent on just about every thread on this board...

this will not happen again!


Well aren't you above all the fray! I asked a legitimate question about the debt and if someone could correct my thoughts if wrong. Then you come on and cry like a baby when you get called, so cry on.
You're the one spreading the hate, if someone has a different opinion then they're a hater.
But I forgive you, you're inexperienced in life and as you get older, worldly smarts will come to you. Goodluck.
 
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