GLG News Analyses of the following article:
Lenders Extend Deadlines for YRC Worldwide
Published at: sacramento.bizjournals.com
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John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine
Another Leash on Life for YRC Worldwide
October 12, 2009
A consortium of lenders has given YRC Worldwide, the nation's largest trucking company, two more weeks before a provision that requires the Overland Park, Kan.-based LTL carrier to maintain $100 million in liquidity. The company says it has been given until Oct. 30 before the amendment, the company's 11th such change, takes effect.
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