Yellow Roadway seeks $250 million

Yellow Roadway Corp. is seeking $250 million from a private offering of senior floating rate notes to help finance the cash portion of its pending acquisition of USF Corp.
In a filing Tuesday with the Securities and Exchange Commission, Overland Park-based Yellow Roadway said the proceeds from the note offering would be used in addition to borrowings under a $450 million receivables financing facility, a $500 million senior unsecured revolving credit facility and cash on hand.
Shareholders of Chicago-based USF vote May 23 on whether to accept Yellow Roadway’s merger offer. If approved, the deal is expected to be completed May 24.
Yellow Roadway shares closed up 33 cents at $50.43. USF shares were down 9 cents at $44.99.