Reuters: YRC again extends equity offer, cites progress

December 29, 2009: Troubled U.S. trucker YRC Worldwide said it was again extending a crucial debt-for-equity offer that it needs to stay afloat and was working to convince bondholders to participate.

The company said early Tuesday 81 percent of the company's outstanding notes totaling $536.8 million had been tendered for an exchange for equity, up from about 80 percent a week ago, but still shy of a needed threshold.

Click here to read the complete article from Reuters.

Get Advice Join TDU Donate

Recent News

Save the Date! TDU Convention, Oct. 28-30, 2022

The 2022 TDU Convention will take place in Chicago, October 28-30. Save the Date! You’ll be able to register for the TDU Convention soon. 

Teamsters Say It's Time to Deliver on the Dream

TDU members are commemorating Martin Luther King Day with a national day of action to demand that UPS respect the day as a paid holiday and by telling employers it's time to deliver on the dream.

View More News Posts