Collectively, YRC Worldwide companies have one of the largest, most comprehensive logistics and LTL networks in North America with local, regional, national and international capabilities. Additionally, Adjusted EBITDA helps investors to understand how the company is tracking against our financial covenant in our term loan credit agreement. On 3/3/2009, a U.S. federal trademark registration was filed for YR YRC WORLDWIDE CONFIDENCE DELIVERED.. Forward-looking statements are inherently uncertain, are based upon current beliefs, assumptions and expectations of Company management and current market conditions, and are subject to significant business, economic, competitive, regulatory and other risks, uncertainties and contingencies, known and unknown, many of which are beyond our control. Author: YRC Worldwide: Licensing. Our goal is to improve our customers' experience while operating as one company, with one network and five incredibly proud and distinguished brands, Hawkins continued. (C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

Please visit our website at www.yrcw.com for more information. By using this site you agree to the Finally, the Company was also able to significantly extend the maturity on its Asset Based Loan (the "ABL") from June 2021 to January 2024. The company was also able to decrease the amended interest rate on the existing term loan down to the previous LIBOR + 7.5% (with a floor of 1.0%).
YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including Holland, New Penn, Reddaway, and YRC … trademark serial number of 77665523. OVERLAND PARK, Kan., Aug 03, 2020 (GLOBE NEWSWIRE via COMTEX) -- about YRC Worldwide Professional Drivers Head to 2019 National Truck Driving Championships. The funding will also enable us to continue successfully implementing our multi-year strategic plan to transform our five powerful brands to operate as ONE Company, ONE network to better serve our customers and the nation's supply chain as economic recovery takes hold." View complete details of YR YRC WORLDWIDE CONFIDENCE DELIVERED. The significant terms of which are as follows: The logo of YRC Worldwide. -- Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will have to be replaced in the future and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements; . YRC Worldwide Inc. is a holding company of freight shipping brands YRC Freight, New Penn, Holland and Reddaway. YRC Worldwide Inc. (NASDAQ: YRCW) reported results for the second quarter ended June 30, 2020. https://ml.globenewswire.com/media/e9191573-508e-4180-b45d-8cb1dfff5542/small/yrcw-jpg.jpg Its top 500 enterprises are listed by the quality of their security programs.
UST will hold the shares of the Company's common stock through a voting trust, which will be required to vote the shares in the same proportion as all other unaffiliated shares of the Company's common stock are voted. YRCW will receive a loan of $700 million in two tranches, subject to completion of definitive documentation: The USPTO has given the YRC CONFIDENCE DELIVERED. On July 7, the Company successfully secured a loan with the United States Department of Treasury (the "UST") for up to $700 million (the "UST Loan") under the CARES Act. logos. To that end, when we started to feel the impact of the economic slow down and subsequent decline in our volumes, we took immediate and swift action to build liquidity which allowed us to improve our cash position and end the quarter to just over $300 million in liquidity." 877-330-3321; Login; Search

877-330-3321 Can. logo and pictures of YR YRC WORLDWIDE CONFIDENCE DELIVERED.

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"With the UST Loan secured and our largest maturities pushed out to 2024, we now have the unique ability to focus on and accelerate our Enterprise Transformation strategy that we began implementing last year. trademark serial number of 77682184. The material terms of the equity issuance agreement, the loan from U.S. Treasury, and the amendments to the existing credit facilities will be available in a Form 8-K which will be filed with the Securities and Exchange Commission (SEC).

COVID-19 – effective 8/10/20, overlength shipments are limited to less than 12 ft. -- Tranche B of approximately $350 million, will be used for essential capital investment in trailers and tractors and is expected to carry an interest rate of LIBOR plus 3.5% in cash.

A live audio webcast of the conference call and presentation slides will be available on YRC Worldwide Inc.'s website www.yrcw.com. EBITDA and Adjusted EBITDA have the following limitations: The Company issued UST approximately 30% of its outstanding shares on a post-transaction basis as a condition of the financing. "On an operational basis, for the quarter, volumes declined year-over-year.

"In closing, I want to thank all of YRC's employees across North America who continue to perform essential work to keep America rolling and the nation's supply chain open during these challenging times. -- The Company's outstanding debt was $909.8 million, an increase of $44.8 million compared to $865.0 million as of June 30, 2019. Through its... OVERLAND PARK, Kan., April 20, 2018 (GLOBE NEWSWIRE) — YRC Worldwide Inc. (NASDAQ:YRCW) today announced its eighth annual recognition of employees for environmental excellence. In addition, management uses Adjusted EBITDA to measure compliance with financial covenants in our credit facilities and to determine certain management and employee bonus compensation. However, after bottoming out in April, volumes have steadily improved through the quarter with rate of improvement slowing since late June.

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