The first tranche of the transaction, which closed Friday,brought the Overland Park, KS-based Fortune 500 company $101million of proceeds. The second portion of the deal, expected toclose Friday, February 13, will provide an additional $50 million.The deal has a 14% cap rate, with annual lease payments around$21.1 million. A company release says this deal may be the first ofmany sale-leasebacks it executes in the coming months in an effortto improve cash flow.

YRC executives told investors during a year-end earnings callFriday that it has spent recent months investigating ways toimprove liquidity, and that this deal is one step in that process.EVP and CFO Timothy Wicks said the company plans to negotiateadditional sale-leasebacks in the future to that same end.

"It is premature to provide specifics on other opportunities butwe feel confident that there are attractive options to furthermonetize a portion of our significant real estate assets of morethan $1 billion," Wicks said, during the call. "Although the bankamendment is still in process, these types of transactions are akey component of the discussions with our banks to improveliquidity."