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Shares of trucking firm YRC Worldwide (YRCWD) are higher by 18 cents, or almost 4%, at $4.30, after the company this morning announced another stage in its recovery plan, an amendment to the line of credit backed by its receivables.
The $325 million asset-backed securitization facility, scheduled to expire October 26th, has been extended to October 19th of next year. YRC paid the fees and interest it had deferred as part of the renewal of the ABS.....................
YRC Up on Renewal of Credit Facility - Stocks To Watch Today - Barrons.com
The $325 million asset-backed securitization facility, scheduled to expire October 26th, has been extended to October 19th of next year. YRC paid the fees and interest it had deferred as part of the renewal of the ABS.....................
YRC Up on Renewal of Credit Facility - Stocks To Watch Today - Barrons.com