UAE's AD Ports Group scoops up Noatum Logistics for $680m
It’s been a long and winding road for Noatum Logistics, formerly known as MIQ and, ...
Press release
“OVERLAND PARK, Kan., Sept. 11, 2019 (GLOBE NEWSWIRE) — YRC Worldwide Inc. (NASDAQ: YRCW) announced today it has completed a refinancing of its term loan obligations and entered into a term loan agreement (“Term Loan Agreement”) with funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) acting collectively as the Lead Lender for a $600 million facility which provides additional liquidity and has a less restrictive financial covenant. This is expected to create operational runway as the Company moves forward with its multi-year strategic initiatives designed to achieve sustained profitability.”
To read the full release, please click here.
(Shares up 23.7% at the time writing.)
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Alex Lennane
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