YRC to make August interest payment on 6% convertibles in stock

By Angela McDaniels

Tacoma, Wash., Aug. 2 - YRC Worldwide Inc. plans to pay the interest due on Aug. 15 for its 6% convertible senior notes due 2014 in shares of common stock, according to an 8-K filing with the Securities and Exchange Commission.

The upcoming interest payment is $28.67 per $1,000 principal amount of the notes.

The company sold $70 million principal amount of the notes in a private placement in February.

YRC is an Overland Park, Kan.-based provider of transportation services for the shipment of industrial, commercial and retail goods.

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