But there’s a twist in the tale: Citadel’s $100 million would stand shoulder-to-shoulder with Yellow’s existing secured debt.
Meanwhile, MFN’s loan, likened to the junior partner in this financial waltz, would have a different pecking order.
Smith further sweetened the pot, unveiling that the new package could save Yellow a staggering sum—between $27 million and $43 million in fees, and an additional $300,000 in interest.
