Yellow sparks bidding war to replace bankruptcy loan

The company is considering replacing an “expensive” bankruptcy loan from lenders led by investing giant Apollo Global Management, Yellow’s lead bankruptcy attorney Nash told the federal judge overseeing its wind-down. — Bloomberg

WASHINGTON: Yellow Corp has sparked a bidding war between investment firms and a rival trucker interested in funding the now-shuttered company’s liquidation.

The company is considering replacing an “expensive” bankruptcy loan from lenders led by investing giant Apollo Global Management, Patrick J. Nash, Yellow’s lead bankruptcy attorney, told the federal judge overseeing its wind-down on Wednesday.