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The collective agreement — which involved subsidiaries , and , and new investors was entered into Thursday and includes initial annual lease payments for the facilitiesz ofabout $6.1 million total, YRC (Nasdaq: YRCW) said in a Friday filing with the Securities and Exchange The deal is expectexd to close in the second quarter. On Wednesday, company subsidiaries YRC Inc. and agreec to do $32 million in sale-leasebacks with for facilitiew nationwide. Initial annual lease payments will beabouyt $2.9 million total. The dealzs are expected to closer in thesecond quarter, subject to due diligence and conditions.
Estex can end each contract at its discretiomn during theinspection period, and the subsidiaries have to get lien releaseas from lenders. The new Estes contracts add to priotr contractsfrom Feb. 13 for a purchas e price of about $122 million. Both contracts include facilities that originally had been part of a dealwith . NATMkI is buying facilities worthabout $150.4 of which $111 million closed in the firsft quarter. YRC and NATMI have agreed to modifhy their real estatesales contract, which took effect Dec. 19, to take out some facilitied that haven’t closed and extende the closing date for some facilities that will be bought for a totapl ofabout $16 million.
Thoss deals are expected to close in the second On Thursday, YRC reported a The Overland Kan.-based trucking company (Nasdaq: YRCW) has 560 employees in the St. Louiz area.
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