Page 1 of 3 123 LastLast
Results 1 to 10 of 24
  1. #1
    Resistance is futile.

    Join Date
    Nov 2007
    Local Union
    391
    Employer
    YRC-Roadway
    Location
    North Carolina
    Posts
    11,313
    Rep Power
    907

    Default YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilities

    OVERLAND PARK, Kan., Oct. 12 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW - News) today announced that it has finalized amendments of its credit facilities that extend to October 30, 2009 certain provisions under the previous amendments. Specifically, the amendments extend the expiration of the revolver reserve amount, the suspension of the minimum liquidity covenant, and the due date for the asset-backed securitization commitment fee of $10 million.
    YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilities - Yahoo! Finance

  2. #2
    Teamster2008
    Guest

    Default Re: YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilit

    I guess Conway will have to let go of all the new hires.
    Last edited by Teamster2008; 10-12-2009 at 11:26 AM.

  3. #3
    Getting In The Groove Now.

    Join Date
    Jan 2009
    Local Union
    107
    Employer
    NewPenn
    Location
    Philly
    Posts
    51
    Rep Power
    137

    Default Re: YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilit

    They extended it for 2 weeks!!!! wow...they are just waiting to see what yrc reports for 3rd quarter

  4. #4
    Time To Start A Fire

    Join Date
    Mar 2009
    Local Union
    710
    Employer
    UPS Ground Freight SOH 71
    Location
    Northwest Indiana
    Posts
    525
    Rep Power
    214

    Default Re: YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilit

    I "think" this is GOOD NEWS?

  5. #5
    I Am Rocking Now

    Join Date
    Dec 2007
    Local Union
    162
    Employer
    "Wonderful" YRC Worldwide
    Posts
    3,385
    Rep Power
    0

    Default Re: YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilit

    Quote Originally Posted by Newpenn107 View Post
    They extended it for 2 weeks!!!! wow...they are just waiting to see what yrc reports for 3rd quarter
    Bingo

    Quote Originally Posted by nickelplaterick View Post
    I "think" this is GOOD NEWS?
    only for two weeks

  6. #6
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    NPME/YRC
    Posts
    14,001
    Rep Power
    917

    Default Re: YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilit

    Quote Originally Posted by Pullin3 View Post
    Bingo

    only for two weeks
    I got an e-mail linking me to this site for this post..That's realy cool. Good job Teamsters online.




    That aside, does it really only extend it for 2 weeks? Or is there more to it?
    2 weeks? Well there's not a cap on excitement with YRC. It's a cliffhanger. Nothin' like dayby day livin'.

  7. #7
    I Am Rocking Now

    Join Date
    Dec 2007
    Local Union
    162
    Employer
    "Wonderful" YRC Worldwide
    Posts
    3,385
    Rep Power
    0

    Default Re: YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilit

    Quote Originally Posted by slavenomore View Post
    I got an e-mail linking me to this site for this post..That's realy cool. Good job Teamsters online.




    That aside, does it really only extend it for 2 weeks? Or is there more to it?
    2 weeks? Well there's not a cap on excitement with YRC. It's a cliffhanger. Nothin' like dayby day livin'.
    Usually a month is typical, but two weeks is not unheard of.

  8. #8
    I Am Rocking Now

    Join Date
    Dec 2008
    Local Union
    110
    Employer
    new penn
    Location
    Out to Lunch
    Posts
    2,021
    Rep Power
    238

    Default Re: YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilit

    Quote Originally Posted by Steward2008 View Post
    I guess Conway will have to let go of all the new hires.
    I hate to see that happen, but what a shame. You shouldn't plan the future of your people on another companies bad fortue, but I guess that's big bussiness. It would be a shame to see Con-Way not be around anymore. I would only feel sorry for the employees. After what Con-Way did to C.F.

  9. #9
    I Am Rocking Now

    Join Date
    May 2009
    Local Union
    833
    Employer
    yrcw
    Location
    usa
    Posts
    1,097
    Rep Power
    193

    Default Re: YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilit

    Quote Originally Posted by wildcat2 View Post
    I hate to see that happen, but what a shame. You shouldn't plan the future of your people on another companies bad fortue, but I guess that's big bussiness. It would be a shame to see Con-Way not be around anymore. I would only feel sorry for the employees. After what Con-Way did to C.F.
    Con-way didn't do it to CF. CF did it to CF , CF started con-way for that purpose and when they were established they spun CF off and ran it into bankruptcy. If anybody would have been enforcing the "double breasting " part of the contract Con-way would have never existed.

  10. #10
    Getting In The Groove Now.

    Join Date
    Oct 2009
    Local Union
    710
    Employer
    YRC
    Location
    Chicago
    Posts
    8
    Rep Power
    0

    Default Re: YRC Worldwide and Its Lenders Agree to Extend Provisions under the Credit Facilit

    Kind of like what Yellow will probably do with YRC glen moore

 

 
Page 1 of 3 123 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349