YRC Worldwide Enters Into Note Purchase Agreement for $70 Million in New Capital

YRC Worldwide Inc. today reported that it has entered into definitive agreements with investors who have agreed to purchase $70 million in new unsecured convertible notes in a private placement. The company will use the proceeds from the issuance of these new notes to satisfy its remaining 2010 note obligations, with any excess proceeds available to be used for general corporate purposes. The new