Senin, 30 April 2012

YRC Worldwide gets wiggle room from lenders

YRC Worldwide Inc. says its lenders have agreed to reset covenants from a July 2011 credit agreement, staving off the latest concern about the trucker’s financial future.

In a Monday release, the Overland Park-based company said all of its term credit agreement lenders and credit agreement lenders for asset-backed loans agreed to the amendments.

In addition to resetting the loan terms, the

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