Jumat, 20 April 2012

YRC Worldwide Seeks to Reset Loan Covenants Under 2011 Agreement

YRC Worldwide Inc., the second- biggest publicly traded U.S. trucking company, is seeking to change the terms of its covenants under a credit agreement signed in July.

The company is proposing to reduce compliance thresholds for consolidated earnings before interest, taxes, depreciation and amortization by between 25 percent and 35 percent and for the interest-coverage ratio by between 30

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