YRC Worldwide closes first tranche of $70 million private debt offering

YRC Worldwide Inc. said it had closed on the first tranche of a $70 million private-placement offering announced earlier this month.The Overland Park-based trucking firm said proceeds from the new financing would go toward settling obligations to bondholders with about $45 million in 2010 notes. That group did not participate in YRC's $470 million debt-for-equity swap at the end of 2009.The first