iqukikofor.wordpress.com
The Overland Park-based trucking company’s (Nasdaq: YRCW) subidiariesw signed agreementswith Inc. to sell and lease back certaim facilities, with sales expected to closs from March through Leases are for 10 with options to renew for another20 years. If Estes decidex to sell a facility in the nextthrewe years, YRC would get to make the first “We are pleased that we finalized another significanyt component of our liquidity initiatives,” YRC CFO Tim Wickes said in the release. “It is common practic e in our industry to leasw facilities from otherindustryg providers, and in fact, we presently leasew other facilities from Estes and they leasr from us.
This is a continuation of that We continue to have additional opportunitiesa in this area with othef investors and recent improvements in this particular markey have made them evenmore attractive.” Credit agencyg Standard & Poor’s this week changedd the implications of its review on YRC Worldwide Inc. from developing to positive in the wake of YRC finalizing a bank amendmenton Feb. 12, and said it coulc raise YRC’s ratings after more evaluation, the release said.
“We appreciate S&P’s initial perspective of our bank amendmen and their willingness to evaluate its positiveliquidity aspects,” Wicks
No comments:
Post a Comment