YRC Worldwide Closes In on Restructuring

July 12, 2011: YRC Worldwide is one step away from completing its financial restructuring by a July 22 deadline, a key official at the $4.4 billion trucking company said Monday.

The company secured a $400 million asset-based loan facility from its lenders, and now must raise $100 million through the sale of convertible securities to its lenders.

Click here to read more at The Journal of Commerce.

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