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YRC Worldwide Inc. said Monday it had begun a swap of stock for $536.8 million in debt, a move designed to put the troubled trucking operator on sounder short-term financial footing. Full Article at ABC News
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YRC Worldwide launches swap More News YRC Worldwide Inc. said Monday it has begun its offer to creditors to convert about $537 million in debt to equity. If successfully completed, bondholders will end up owning about 95 percent of YRC’s common stock. Full Article at KansasCity.com
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OVERLAND PARK, Kan. -- YRC Worldwide Inc. said Monday it had begun a swap of stock for $536.8 million in debt, a move designed to put the troubled trucking operator on sounder short-term financial footing. Full Article at Miami Herald
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YRC Worldwide Inc. said Monday it had begun a swap of stock for $536.8 million in debt, a move designed to put the troubled trucking operator on sounder short-term financial footing. Full Article at Newsvine
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YRC Worldwide Inc. plans to start a debt-exchange offer this week that’s a key milestone for the trucking giant, which repeatedly has asked various stakeholders for considerations to help it survive an extended freight recession. Full Article at St. Louis Business Journal
