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Monday, July 10, 2017 10:39:08 AM
On July 10, 2017, YRC Worldwide Inc. (the “Company”) launched an amendment to its Term Loan Credit Agreement (the “Term Loan Agreement”) to extend the maturity date of the term loan up to July 2022 and to incorporate certain other changes based on negotiations with certain large lenders. In connection with preliminary discussions with certain of the lenders, the Company provided these lenders projected financial information for second quarter 2017 and full-year 2017.
For the three months ended June 30, 2017, the Company expects to report consolidated operating revenue of approximately $1.2 billion to $1.3 billion and consolidated operating income of approximately $46 million to $56 million. The Company also expects to report Adjusted EBITDA of approximately $86 million to $96 million.
For full-year 2017, the Company projects consolidated operating revenue of approximately $4.8 billion to $5.0 billion and consolidated operating income of approximately $150 million to $170 million. The Company also projects Adjusted EBITDA of approximately $320 million to $340 million. Investment in capital expenditures and the capital value equivalent of operating leases for revenue equipment is anticipated to equal 6% to 8% of operating revenue in 2017.
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