Apollo leads deal to provide trucking firm Yellow with bankruptcy loan - Bloomberg News (updated)

Yellow

01/08/2023 18:20

(Adds details on the company in paragraph 2)
       Aug 1 (Reuters) - Creditors led by Apollo Global
Management Inc  APO.N  are nearing a deal to provide Yellow Corp
 YELL.O  with fresh cash during a coming bankruptcy, Bloomberg
News reported, citing people with the matter. 
    Yellow, formerly called YRC Worldwide, is the third-biggest
U.S. trucking company's that focuses on "less-than-truckload"
shipping and transports goods from multiple shippers in single
trailers.
        Apollo and Yellow did not immediately respond to
Reuters' request for a comment. 
  

 (Reporting by Priyamvada C in Bengaluru; Editing by Anil
D'Silva)
 ((Priyamvada.C@thomsonreuters.com https://twitter.com/priyamouli1812?lang=en;))