YRC Worldwide Pursues Long-Term Solution to Improve Financial Condition

Cancels Tender Offer and Evaluates Better Opportunities with its Banks National Integration to be Complete by Early Spring 2009 YRC Worldwide Inc ... facilities that would enhance the company’s financial flexibility including changes to its leverage ratio. The company’s credit agreement defines the leverage ratio generally to be total debt [more...]

Date: 2008-12-26 09:26:02

Blog posts (4) | Videos (3)
 

Bankruptcy Rules Thwart the Recovery

As seen in the Wall Street Journal The epic financial crisis afflicting the banking industry in the last 18 months is largely the result of ... in this bear market, the prospect of a bankruptcy puts a huge damper on investor appetite for debt ... debt issued for scores of leveraged buyouts in recent years. This sorry state of affairs could [more...]

Date: 2009-01-13 17:44:29

Royal Bank of Scotland Wins a Buyout-Lending Crown

Toby Lewis, of Financial News, files this dispatch on how one bank that received government funds is lending, but to buyouts. Financial News is a Dow Jones publication and a contributor to Deal Journal. U.K. state-backed ... attributed to those businesses incurring too much debt as part of leveraged buy-outs and recaps.” [more...]

Date: 2009-01-07 14:51:22

Royal Bank of Scotland Wins a Buyout-Lending Crown

Toby Lewis, of Financial News, files this dispatch on how one bank that received government funds is lending, but to buyouts. Financial News is a Dow Jones publication and a contributor to Deal Journal. U.K. state-backed ... attributed to those businesses incurring too much debt as part of leveraged buy-outs and recaps.” [more...]

Date: 2009-01-07 17:50:00

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