YRC Worldwide Inc. will have some breathing room with its lenders, even if the tentative concessions agreement with its union fails to pass later this week.In a securities filing Tuesday, the Overland Park-based trucking company said the recent renewal of a key piece of financing won’t expire immediately if the International Brotherhood of Teamsters votes down a third round of wage and benefit concessions.
Instead, the company would have until Jan. 10 to have the agreement in force, providing time for a possible revote if necessary. Full Story......
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