YRC Worldwide Inc. announced that it has extended the expiration data for its previously announced exchange offers until 11:59 PM ET on December 28. 2009.
As of 5:00 PM on December 23, 2009, 53% of the 8 1/2 % Notes and 90% of the aggregate principal amount of the 5.0% and 3.375% Notes had been tendered into the exchange offers, which represents 80% of the company's outstanding notes.
The company said it continues to work with its noteholders through this holiday period in roder to increase the level of support for this recapitalization.
No comments:
Post a Comment