Car Hauler Jack Cooper Making $2 Billion Bid for Bankrupt Yellow

I know people that took ppp loans and spent it on toys , pick ups and antiques.

 

And those folks are going to be playing “Let’s Go To Prison” when Uncle Sam finds out!!

 

Amen !

 

Why would you go $ 1 billion into debt to buy a defunct LTL company?

The bid is expected to include $1 billion in loans sourced through investment firm Guggenheim Partners. The money would be used to repay Yellow lenders, including hedge fund giant Citadel, and to pay off bankruptcy financing and other fees. The remaining funds, likely just under $300 million, would be used to fund the new business.​

Last-Minute Bid Would Seek to Revive Collapsed Trucker Yellow