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

Airline Teamsters Don't Take No For an Answer in Denver

Local 455 Principal Officer Steve Vairma refused to hold steward elections. Member organizing flipped the script.

Members Run for Office in San Diego

Members in San Diego Local 542 are organizing to win their local union election.

View More News Posts