YRC Worldwide (YRCW +18.2%) says it received a commitment for a $400M asset-backed loan to...

|About: YRC Worldwide, Inc. (YRCW)|By:, SA News Editor

YRC Worldwide (YRCW +18.2%) says it received a commitment for a $400M asset-backed loan to replace its existing loan agreement, which keeps the trucking company on track to complete its restructuring by the end of July. The new facility ”helps support our industry’s seasonal pattern of revenues and provides the financial flexibility and run room we need to grow the business," YRC says.