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Apollo leads deal for trucking firm Yellow's bankruptcy loan - Bloomberg News

Shares of Yellow were up 78% at $3.14 in afternoon trade. The U.S. asset manager, which owns most of one of Yellow's term loans, is well-positioned to provide backing and is finalizing a deal to lead a debtor-in-possession financing for the cash-trapped trucking company, the report said. Yellow declined to comment, while Apollo did not immediately respond to a Reuters request for comment.
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