secwatch.observer — SEC 8-K summary
======================================

Issuer:     Yellow Corp (—)
CIK:        0000716006
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001193125-24-030292
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.02, 8.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yellow repays $700M CARES Act loan plus $151M interest; sells real estate for $1.89B
--------------------------------------------------------------------------------

- Repaid $700M CARES Act principal and over $151M interest on Feb 5, 2024, fully satisfying loan commitments.
- Completed sale of real estate holdings for aggregate $1.89B cash under Section 363 of Bankruptcy Code.
- Treasury's 15.9M shares (29.6% equity) currently worth approximately $72M.
- Upon repayment, UST Credit Agreements and Junior DIP Credit Facility were terminated and liens released.
- All transactions occurred while Company operates under Chapter 11 protection; lawsuit against Teamsters ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716006/000119312524030292/0001193125-24-030292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716006/000119312524030292/d728723d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-030292

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer