On February 11, 2009, William D. Zollars, Chairman, President and Chief Executive Officer of YRC Worldwide Inc. (the Company), and Timothy A. Wicks, Executive Vice President and Chief Financial Officer of the Company, will deliver a company presentation at the BB&T Capital Markets Transportation Conference. The presentation will be available on audio webcast through the Companys website,
This was a summary of the newest SEC filing that was posted 5 minutes ago
Renews Asset-Backed Securitization Facility Early
[*]Schedules Analyst Call for Friday, February 13, 2009
OVERLAND PARK, Kan., Feb 12, 2009 /PRNewswire-FirstCall via COMTEX/ -- YRC Worldwide Inc. (Nasdaq: YRCW) announced today that it has finalized an amendment ("the amendment") with the company's lenders of its credit facilities and renewed its asset-backed securitization ("ABS") facility two months prior to maturity. Further details of the amendment will be provided on a call for shareholders and the investment community on Friday, February 13, 2009, beginning at 4:00pm ET, 3:00pm CT.
"We are pleased with the banks' support of our strategic actions and their confidence in our ability to improve our financial position," stated Tim Wicks, Executive Vice President and CFO of YRC Worldwide. "We feel good about the amendment that we reached and the flexibility it will provide us to help weather this economic recession. We look forward to discussing these flexibilities in our analyst call tomorrow."