Seeking Alpha

Carlyle adding to stake in YRC Worldwide

  • The details of YRC Worldwide's (YRCW -0.9%) capital raise are out, and it's the company's largest shareholder, Carlyle Group (CG -0.6%), adding to its stake. The P-E firm will exchange about $20M in convertible notes for roughly 1.4M shares of common stock. In addition, Carlyle agrees to buy 2.33M common shares for $35M - $15 per share.
  • SEC Form 13D
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