Kansas City Business Journal logo Kansas City Business Journal 4 weeks ago

YRC Worldwide starts debt exchange; failure could mean bankruptcy

YRC Worldwide Inc. has started its debt-for-equity exchange offer, a vital step in the company’s turnaround plan that, if unsuccessful, could end in bankruptcy. Full Article at Kansas City Business Journal

Related Topics:

  1. Securities and Exchange Commission
  2. Entertainment Properties Trust
  3. Dow Jones

Related Articles

  1. Newsvine logo
    YRC Worldwide launches debt-for-stock swap
    4 weeks ago

    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

  2. The Street logo
    YRC Worldwide Drops on Volume Spike
    1 month ago

    YRC Worldwide said its exchange offer, with full participation, would see noteholders exchange approximately $536.8 million in notes plus accrued and unpaid interest for shares of common stock and new Class A convertible preferred stock. Full Article at The Street

  3. Belleville News-Democrat logo
    YRC shares sink after debt exchange
    1 month ago

    NEW YORK -- YRC Worldwide Inc. shares plunged more than 50 percent Monday after the struggling trucking company said it is launching a debt exchange offer that could drastically reduce current shareholders' stakes. Full Article at Belleville News-Democrat

  4. KansasCity.com logo
    YRC shares sink after debt exchange
    1 month ago

    YRC shares sink after debt exchange The Associated Press More News YRC Worldwide Inc. shares plunged more than 50 percent Monday after the struggling trucking company said it is launching a debt exchange offer that could drastically reduce current... Full Article at KansasCity.com

Related Quotes

  1. We continue to face a difficult economy that appears to have stabilized but has not shown any sustained positive momentum ... We remain cautiously optimistic that the economy has bottomed out, but it is still too early to know for sure. We are not anticipating growth from the economy for the remainder o...
    SOURCE: Smartmoney.com 1 month ago
  2. Both S&P and Moody's understand our comprehensive plan and are encouraged by our progress ... They have rules that they follow when companies engage in debt for equity exchange offers like we are launching. These rules will likely result in temporary downgrades to our ratings.
    SOURCE: Smartmoney.com 1 month ago
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  1. FILE - In this Jan. 27, 2009 file photo, a truck bearing the Yellow brand, one of several owned by YRC Worldwide Inc. , travels in winter weather on Interstate 80, east of Omaha, Neb.
  2. WASHINGTON - NOVEMBER 17: Attorney General Eric Holder (2nd L) speaks during a news conference at the Justice Department announcing the formation of a financial fraud task force with Housing and Urban Development Secretary Shaun Donovan (L), U.S. Secretary of the Treasury Timothy Geithner (2nd R...
  3. Securities and Exchange Commission Director of Enforcement Ron Khuzami, center, accompanied by Attorney General Eric Holder, left, and Housing Urban Development Secretary Shaun Donovan, speaks during a news conference on financial fraud efforts, Tuesday, Nov. 17, 2009, at the Justice Department i...
  4. WASHINGTON - SEPTEMBER 30: Securities and Exchange Commission (SEC) Chair Mary Schapiro speaks during a public roundtable meeting at the headquarters of SEC September 30, 2009 in Washington, DC. The meeting was to discuss possible measures to limit the short selling of stocks.
  5. WASHINGTON - SEPTEMBER 10: Chartered Financial Analyst and Certified Fraud Examiner Harry Markopolos (L) listens to U.S. Securities and Exchange Commission Inspector General David Kotz (R) testify about the failure of the SEC to discover Bernard L. Madoff's ponzi scheme during a hearing before t...
  6. WASHINGTON - JULY 23: Federal Reserve Board of Governors member Daniel Tarullo testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill July 23, 2009 in Washington, DC.
  7. WASHINGTON - JUNE 25: U.S. Secretary of the Treasury Timothy Geithner (R) listens to Securities and Exchange Commission Chairman Mary Shapiro (L) as he convenes the President's Working Group on Financial Markets (PWG) at the Department of the Treasury June 25, 2009 in Washington, DC.

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