{"id":88687,"date":"2009-12-18T10:26:48","date_gmt":"2009-12-18T15:26:48","guid":{"rendered":"http:\/\/www.businessinsider.com\/with-goldman-on-its-back-yrc-has-until-january-1st-to-save-itself-2009-12"},"modified":"2009-12-18T10:26:48","modified_gmt":"2009-12-18T15:26:48","slug":"with-goldman-on-its-back-yrc-has-until-january-1st-to-save-itself","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/88687","title":{"rendered":"With Goldman On It&#8217;s Back, YRC Has Until January 1st To Save Itself"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b2b9e460000000000f29607\" border=\"0\" alt=\"YRC Trucking\" \/><\/p>\n<p>Despite pleas from <a href=\"http:\/\/www.businessinsider.com\/hoffa-to-goldman-sachs-dont-bankrupt-us-2009-12\">Jimmy Hoffa<\/a>, trucking company YRC has an ultimatum: pay up on swap agreements by January 1st or risk being torn apart by creditors:<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=a9kPU.MsW.xg&amp;pos=6\">Bloomberg<\/a>: YRC Worldwide Inc. has less than two weeks to persuade bondholders to accept a debt exchange and prevent a bankruptcy filing that its employees&rsquo; union says may force the biggest U.S. trucking company to liquidate.<\/p>\n<p>YRC, which has pushed back the deadline for the swap three times this month, must complete the tender by Dec. 31 to avoid a $19 million payment of interest and fees that would leave the trucker in an &ldquo;unsustainable&rdquo; position, the Overland Park, Kansas-based company said yesterday in a regulatory filing.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=a9kPU.MsW.xg&amp;pos=6\">Read the whole story &gt;&gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/with-goldman-on-its-back-yrc-has-until-january-1st-to-save-itself-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/soros-there-should-be-regulation-of-bankers-pay-2009-12\">Soros: The CDS Market Is Just Legalized Homicide<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/see-the-bankruptcy-attorneys-breaking-the-1000-per-hour-barrier-2009-12\">See The Bankruptcy Attorneys Breaking The $1,000 Per Hour Barrier<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/singapores-giant-ghost-fleet-2009-12\">What Recovery? Behold The Amazing Ghost Shipping Fleet Of Singapore<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/xKQttKnAOtQ\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite pleas from Jimmy Hoffa, trucking company YRC has an ultimatum: pay up on swap agreements by January 1st or risk being torn apart by creditors: Bloomberg: YRC Worldwide Inc. has less than two weeks to persuade bondholders to accept a debt exchange and prevent a bankruptcy filing that its employees&rsquo; union says may force [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-88687","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/88687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=88687"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/88687\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=88687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=88687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=88687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}