---
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"
generated_at: "2026-06-10T11:25:53.298149+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Yellow Corp obtains Bankruptcy Court approval for $112.5M junior DIP facility in Chapter 11 wind-down

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-239697
- form_type: 8-K
- cik: 0000716006
- company_name: Yellow Corp
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.03, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-239697
- JSON: https://secwatch.observer/filing/0001193125-23-239697.json
- Plain text: https://secwatch.observer/filing/0001193125-23-239697.txt

## Key facts
- Distress & Bankruptcy
  Yellow Corp entered chapter 11 in U. S. Bankruptcy Court for the District of Delaware (petition 2023-08-06).
  - Proceeding: chapter 11
  - Court: U. S. Bankruptcy Court for the District of Delaware
  - Petition: 2023-08-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/716006/000119312523239697/0001193125-23-239697-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.