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YRC Worldwide Inc. Message Board

  • ggphuge ggphuge Jan 4, 2011 8:38 PM Flag

    OFFICIAL DEBT NUMBERS FROM LATEST 10Q!

    Now lets talk about the reduction of debt year over year and what each of these mean:

    Debt and Financing

    Total debt consisted of the following:




    (in millions)
    September 30, 2010 December 31, 2009
    Revolving credit facility
    $ 149.9 $ 329.1
    Term loan (par value of $260.2 and $111.5)
    261.0 112.6
    ABS borrowings, secured by accounts receivable
    122.8 146.3
    USF senior notes ($45.0 par value)
    — 45.3
    Contingent convertible senior notes
    1.9 21.7
    6% convertible senior notes ($69.4 par value)
    55.3 —
    Pension contribution deferral obligations
    139.7 153.0
    Lease financing obligations
    328.6 318.9
    Other
    1.1 6.0

    Total debt
    $ 1,060.3 $ 1,132.9
    Current maturities of long-term debt
    (2.9 ) (27.6 )
    Current maturities of lease financing obligations
    (3.0 ) (2.7 )
    Current maturities of pension contribution deferral Obligations
    (81.5 ) (20.5 )
    ABS borrowings
    (122.8 ) (146.3 )

    Long-term debt
    $ 850.1 $ 935.8


    As of September 30, 2010, we were in compliance with the various debt covenants, as amended, under our lending agreements.

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