Yellow Satisfies Debt Obligations, Repays $700 Million Covid Loan with Interest

The bankrupt trucking company Yellow has fully repaid the $700 million Covid loan from the U.S. Treasury, plus over $151 million in interest. The repayment comes after a bankruptcy judge approved Yellow selling most of its shipping centers and real estate for nearly $1.9 billion in December. Unsecured creditors, including employee pension funds, are seeking billions in payouts from what remains of Yellow.