YRC Worldwide has completed a refinancing of its term loan obligations and entered into a term loan agreement with funds managed by affiliates of Apollo Global Management.
YRC Worldwide amended its credit facility to extend the maturity of its term loan credit agreement and increase interest rates with a lender group led by Credit Suisse Cayman Islands Branch.
Citizens Commercial Banking led a $450 million asset-based revolving credit facility for YRC Worldwide. Citizens served as joint lead arranger, joint bookrunner and administrative agent.
CIT Group announced it served as joint lead arranger in a $450 million facility for YRC Worldwide. The facility will be used to partially refinance YRC Worldwide’s capital structure.
The ABF Journal incorrectly identified the administrative agent for the YRC Worldwide facility as JPMorgan Chase. We apologize for the error.