Yellow Corp. bought more time as it fights for survival with a deal that waives certain covenants under its credit agreements.
The agreement was effective retroactive to June 30 and filed with the Securities and Exchange Commission late Friday.
According to the 8-K filing with the SEC, the amended and restated credit agreement between the LTL carrier and a consortium of lenders did have a testing deadline for covenant compliance on June 30. That now has been delayed.
In a prepared statement...
