{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-239697","form_type":"8-K","ticker":null,"cik":"0000716006","company_name":"Yellow Corp","filed_at":"2023-09-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.477997+00:00","generated_at":"2026-06-10T11:25:53.298149+00:00","sec_items":["1.01","1.03","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Yellow Corp obtains Bankruptcy Court approval for $112.5M junior DIP facility in Chapter 11 wind-down","bullets":["Bankruptcy Court final order entered Sep 15, 2023 authorizing Junior DIP Credit Agreement and Postpetition B-2 Amendment.","Junior DIP Facility provides $42.5M initial term loans and $70M delayed draw term loans, aggregate committed $112.5M.","Proceeds fund Chapter 11 administration, fees, adequate protection, and other approved costs under court-approved budget.","Company filed for Chapter 11 on Aug 6, 2023; wind-down and sale of properties to repay indebtedness.","Facility includes budget compliance, variance testing, and other customary covenants for DIP financing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-239697","json":"https://secwatch.observer/filing/0001193125-23-239697.json","markdown":"https://secwatch.observer/filing/0001193125-23-239697.md","text":"https://secwatch.observer/filing/0001193125-23-239697.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/716006/000119312523239697/0001193125-23-239697-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/716006/000119312523239697/d540018d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T11:25:53.298149+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":"3f5099c760c2ffb38c524cfc167fca781e148cca","claim":"Yellow Corp entered chapter 11 in U. S. Bankruptcy Court for the District of Delaware (petition 2023-08-06).","evidence_excerpt":"filed voluntary petitions for relief (the “ Chapter 11 Cases ”) under Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”). The Chapter 11 Cases are being jointly administered under the caption In re: Yellow Corporation, et al., Case No. 23-11069.","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/716006/000119312523239697/0001193125-23-239697-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"U. S. Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2023-08-06"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}