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    HBF
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    Exclamation YRC Worldwide will spend as much as $100M to buy back senior debt

    YRC Worldwide will spend as much as $100M to buy back senior debt
    St. Louis Business Journal

    YRC Worldwide Inc. will offer starting Tuesday to buy back senior debt for as much as $100 million in cash.

    In a release after the market closed on Monday, the Overland Park, Kan.-based company (Nasdaq: YRCW) said it will offer to buy back its 5 percent and 3.375 percent contingent convertible senior notes due in 2023 and its 8.5 percent senior notes due in 2010. The company said it had drawn on its senior credit facility to finance the purchases.
    YRC Worldwide will spend as much as $100M to buy back senior debt - St. Louis Business Journal:
    Last edited by HBF; 11-24-2008 at 09:02 PM.

 

 

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