YRC WORLDWIDE COMPLETES FIRST PHASE OF $151 MILLION FINANCING TRANSACTION

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OVERLAND PARK, KAN. — Overland Park-based YRC Worldwide Inc. has secured approximately $101 million after closing the first part of the sale and financing leaseback for an undisclosed number of its facilities. The company, which is one of the largest transportation service providers in the world, expects to receive approximately $50 million more from NATMI Truck Terminals LLC in a second closing. YRC Worldwide plans to use the proceeds from the transaction for operating purposes. The company will account for the proceeds as a financing transaction, which allows the assets to remain on the books, and a lease obligation will be recorded as long-term debt.

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