{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-220815","form_type":"8-K","ticker":null,"cik":"0000716006","company_name":"Yellow Corp","filed_at":"2023-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.477416+00:00","generated_at":"2026-06-11T03:45:15.025258+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Yellow Corp enters $142.5M DIP financing as part of Chapter 11 restructuring","bullets":["DIP facility includes $42.5M junior term loan from MFN Partners and $100M senior secured Postpetition B-2 facility from Citadel.","Junior DIP loans bear 15% interest; Postpetition B-2 loans bear ABR+8.5%; maturity Feb 17, 2024 with possible extension to May 17, 2024.","Up to $70M additional junior DIP available at Debtors' request; interest ABR+10% plus 7.5% exit fee.","Proceeds used for post-petition working capital, Chapter 11 costs, and adequate protection payments per approved budget."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-220815","json":"https://secwatch.observer/filing/0001193125-23-220815.json","markdown":"https://secwatch.observer/filing/0001193125-23-220815.md","text":"https://secwatch.observer/filing/0001193125-23-220815.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/716006/000119312523220815/0001193125-23-220815-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/716006/000119312523220815/d546355d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T03:45:15.025258+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7bed4044b5d5e5463a01f25186bb4e4850397bad","claim":"Yellow Corp incurred credit facility of aggregate principal amount of $42.5 million under the Junior DIP Credit Facility and $100 million under the Postpetition with Alter Domus Products Corp., as administrative agent and collateral agent; Junior DIP Lenders; Postpetition B-2 Lenders at 15.00% per annum for Junior DIP Loans; Alternate Base Rate plus 8.50% per annum maturing February 17, 2024, with extension option to May 17, 2024.","evidence_excerpt":"the Postpetition B-2 Facility, respectively. The DIP Term Sheet provides for: (i) new money term loans under the Junior DIP Credit Facility in an aggregate principal amount of $42.5 million, of which $17.9 million was drawn upon entry into the DIP Term Sheet and satisfaction of certain customary conditions precedent, and the remainder of which will be made available","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/716006/000119312523220815/0001193125-23-220815-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"aggregate principal amount of $42.5 million under the Junior DIP Credit Facility and $100 million under the Postpetition"},{"label":"Counterparty","value":"Alter Domus Products Corp., as administrative agent and collateral agent; Junior DIP Lenders; Postpetition B-2 Lenders"},{"label":"Rate","value":"15.00% per annum for Junior DIP Loans; Alternate Base Rate plus 8.50% per annum"},{"label":"Maturity","value":"February 17, 2024, with extension option to May 17, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4822efe145ffcb900731bef0d9fa2c75c4b2f6f4","claim":"Yellow Corp entered into Debtor-in-Possession Term Sheet with Alter Domus Products Corp. valued at $42.5 million junior facility, $100 million postpetition facility, plus up to $70 million additional (effective 2023-08-21).","evidence_excerpt":"In accordance with the Interim DIP Order, on August 21, 2023, the Company Parties entered into that certain Debtor-in-Possession Term Sheet (the “ DIP Term Sheet ”), by and among the Company, as borrower, the DIP Guarantors (as defined therein), the financial institutions or other entities from time to time party thereto providing either the Junior DIP Credit Facility (the “ Junior DIP Lenders ”) or the Postpetition B-2 Facility (the “ Postpetition B-2 Lenders ”), and Alter Domus Products Corp., as administrative agent and collateral agent of both the Junior DIP Credit Facility and the Postpetition B-2 Facility, respectively.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/716006/000119312523220815/0001193125-23-220815-index.htm","confidence":0.96,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Alter Domus Products Corp."},{"label":"Value","value":"$42.5 million junior facility, $100 million postpetition facility, plus up to $70 million additional"},{"label":"Effective","value":"2023-08-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}