YRCW is going to work on figuring out how it will rebuild itself using the $700 million it is getting from the U.S. Department of the Treasury. Its first accomplishment: getting rid of any debt payments for four years.
In a filing with the Securities & Exchange Commission on Wednesday, the LTL carrier said the $700 million it was receiving from the federal government taking a roughly 30% stake in the company would be cut into two loan tranches, one totaling $300 million and the other totaling...
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