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YRC announces $300 million debt reduction plan after Teamsters …


YRC has closed a deal to attempt to reduce its debt by $300 million, in which it will issue $250 million in new stock and convert $50 million in convertible notes to common stock and use the proceeds to reduce its roughly $1

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NewsDaily: YRC Worldwide shares jump on $300M debt reduction


Shares of trucking company YRC Worldwide jump on $300 million debt reduction Shares of YRC Worldwide Inc. jumped Monday after the trucking company said it reached a deal to cut its debt by about $300 million.

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NewsDaily: YRC Worldwide shares jump on $300M debt reduction

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