secwatch.observer — SEC 8-K summary
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Issuer:     Yellow Corp (—)
CIK:        0000716006
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001193125-23-286827
Event type: debt
Sentiment:  neutral
Materiality: 0.10
Item codes: 1.01, 1.03, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yellow Corp enters into Amendment No. 2 to Junior DIP Credit Agreement to clarify exit fee language
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- Amendment removes "per annum" from Section 2.05(a) to clarify 7.5% is an exit fee, not a ticking fee.
- The amendment was required by MFN Partners, L.P. and its auditors.
- All existing lenders consented. No change to principal amount or interest rates.
- The company is in Chapter 11 bankruptcy (filed Aug 6, 2023).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716006/000119312523286827/0001193125-23-286827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716006/000119312523286827/d432956d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-286827

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