The loan, which is being provided by Deutsche Bank and other senior Marelli lenders, will need to be approved in two stages, which is typical in large corporate bankruptcy cases.
June 12, 2025Government, Business, Equipment
Marelli Wins Approval for $518.9M Bankruptcy Loan
Business, Equipment, Logistics, For-Hire
Yellow Creditors Push Plan to End Bankruptcy Case
Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company’s remaining $550 million of cash and end its bankruptcy case.
March 17, 2025Government, Business, Logistics
Yellow Loses Ruling Over $6.5 Billion in Pension Debts
Bankrupt carrier Yellow Corp. and its hedge fund owners lost a court ruling over $6.5 billion in debt that pension funds claim the defunct company owes them.
September 17, 2024Government, Business, Logistics
Bankrupt Yellow May Start New REIT Using Empty Terminals
Defunct cargo hauler Yellow Corp. may put its remaining cargo terminals and other vacant properties into a real estate investment trust that could be used to raise money for creditors.
June 4, 2024