YRC Worldwide Continues to Execute Long-Planned Refinancing Strategy

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Go back to YRC Worldwide Continues to Execute Long-Planned Refinancing Strategy

IBT Vote Allows YRC Worldwide (YRCW) to Continue Capital Structure Plan

December 9, 2013 8:46 AM EST

YRC Worldwide Inc. (Nasdaq: YRCW) announced that it is continuing to execute on its plan to refinance its capital structure by successfully achieving yet another milestone. "The affirmative vote from local IBT leaders allows us to begin the ratification process by which the company is seeking to extend the current MOU [Memorandum of Understanding] to March 31, 2019, gain additional operating flexibilities in areas such as the increased use of purchased transportation and utility employees, among others, and allows us to move forward with our effort to refinance the company's balance sheet," stated YRC... More