Yellow repays $212.5 million DIP term loan facilities in full

By Sarah Lizee

Olympia, Wash., Feb. 9 – Yellow Corp. repaid its $212.5 million of junior debtor-in-possession term loans in full on Thursday, according to an 8-K filed with the Securities and Exchange Commission.

Alter Domus Products Corp. is the administrative agent and collateral agent.

The financing was approved on Sept. 15 by the U.S. Bankruptcy Court for the District of Delaware.

The facility provided for two tranches of term loans, including initial term loans totaling $42.5 million and delayed-draw term loans totaling $170 million.

Yellow is a provider of regional, national and international shipping services based in Nashville. The company filed bankruptcy on Aug. 6, 2023 under Chapter 11 case number 23-11069.

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