YRC Worldwide (YRCW) Enters Deal with Lenders; Will Reset Financial Covenants Over Loans

YRC Worldwide Inc. (Nasdaq: YRCW) has reached an agreement with its lenders to reset certain financial covenants over the life of the loans and allow the company to retain all proceeds from the auction of certain surplus properties. The amendments were supported by 100 percent of its Term Credit Agreement lenders and 100 percent of its ABL Credit Agreement lenders.

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