YRC Worldwide Enters Into New Revolving Credit Facility

Expands Asset-Backed Securitization Facility

- Extends Maturities
- Reduces Interest Rates
- Increases Liquidity

YRC Worldwide Inc. today announced that it has entered into a new revolving credit agreement, which replaces its prior revolving credit facility. YRC Worldwide also announced that it has expanded its asset-backed securitization facility.

These new and revised credit facilities implement the following significant changes to the company's prior facilities:

-- An increase in the size of the revolving credit facility from $850
million to $1.1 billion, of which $150 million is a term loan
-- An extension in the revolving credit facility maturity to 2012
-- A reduction of the revolving credit facility applicable interest rate
between 2.5 and 12.5 basis points
-- A more flexible revolving credit covenant package
-- An increase in the asset-backed securitization facility size from $650
million to $700 million


"This refinancing action creates additional operational flexibility, extends maturities and reduces interest rates," said Don Barger, executive vice president and chief financial officer.