Looks like financing discussions are underway. Discussions surround giving Teamsters a 7% raise in exchange for a five year extension to 2018. Banks then could do a five year extension deal, along with a high yield deal. Recapitalize balance sheet at much lower cost. Everyone wins. Should be extremely positive for stock.
how advanced do u think discussions are? in addition to banks and hy have you heard anything about rights offering? fdml which was quite levered recently did one to delever at 9, now stock is 20+
7% pay raise ??? what about just giving back the -15% pay , PLUS 7% ???? the YES voting SHEEP will NEVER EVER GET BACK THE PAY THEY VOTED AWAY !!!!!!! NEVER EVER !!!! yrc sheep will still be the lowest paid LTL driver's FOREVER ..................................rip