- Renews Asset-Backed Securitization Facility Early
- Schedules Analyst Call for Friday, February 13, 2009
YRC Worldwide Inc. 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."
The call will be open to listeners through a live webcast via StreetEvents at streetevents.com and via the YRC Worldwide Internet site yrcw.com. An audio playback will also be available after the call via StreetEvents and the YRC Worldwide web sites. Amendment details will be filed in a Form 8K with the Securities and Exchange Commission on Friday, February 13, 2009.
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