Finance phase one good!

Discussion in 'YRC' started by latanea, Jan 31, 2009.

Jan 31, 2009 #1

latanea Road Train Member

1,337

235

Sep 21, 2007

cincinnati (sharonville)

0

Everything went pretty well yesterday - and our cash position was bolstered...

"YRC Worldwide Completes First Phase of Financing Transaction- Receives $101 Million of Cash Proceeds OVERLAND PARK, Kan., Jan 30, 2009 /PRNewswire-FirstCall via COMTEX/ -- YRC Worldwide Inc. (Nasdaq: YRCW) announced today that it has closed the first part of the sale and financing leaseback transaction from a contract with NATMI Truck Terminals, LLC ("NATMI") entered on December 19, 2008. The company received approximately $101 million of proceeds today and expects to receive approximately $50 million more in the second closing. "

http://www.etrucker.com/apps/news/article.asp?id=75771
Click to expand...

this brings our operational cash up to over 770 million.

Last edited by a moderator: Feb 2, 2009

latanea, Jan 31, 2009

latanea, Jan 31, 2009

#1
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