YRC Worldwide (YRCW) Rips Higher on Lender Agreements
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YRC Worldwide, Inc (Nasdaq: YRCW) shares are ripping Monday morning following the release that it "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 agreement was reached with every one of its Term Credit Agreement lenders.
Shares are well over 20 percent better on the session to $8.05. Volume is also strong Monday.
The agreement was reached with every one of its Term Credit Agreement lenders.
Shares are well over 20 percent better on the session to $8.05. Volume is also strong Monday.
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