Jumat, 20 April 2012

YRC appeals to lenders for leniency

YRC Worldwide Inc. is pursuing leniency from its lenders, a move that comes after warnings that its recovery wasn’t advancing fast enough to meet minimum requirements.

The Overland Park-based trucking company explained its request in a Friday filing with the Securities and Exchange Commission.

Specifically, it wants to reset covenants from a July 2011 credit agreement that govern minimum

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