Trucking logistics firm YRC Worldwide’s CEO Bill Zollars called this morning to talk about the company’s announcement it achieved sufficient buy-in for a debt-for-equity swap meant to keep the company out of bankruptcy.
Sounding reserved and somewhat fatigued, Mr. Zollars emphasized the company’s in “much better shape” and that much remains in the hands of the new company owners, the bond holders who tendered.
YRC shares this morning are down 14 cents, or 14%, at 85 cents.
Herewith, some feedback from Mr. Zollars. Full interview......