Kansas-based trucking company YRC Worldwide Inc. is close to raising funds to cover upcoming debt payments, sources told the Wall Street Journal.

According to the report, YRC was expected to make a securities filing on Monday morning detailing the financing. The said financing comprises $250 million in equity and at least $25 million in debt committed to become equity. It is also being provided by several investment firms.

The expected funding is a step toward addressing YRC's financial troubles and would allow it to pay off debt that is maturing in February, sources said. The company is separately seeking to push back the due date on $214 million of debt due in March 2015, WSJ said.

YRC posted $4.85 billion in revenue for last year. It has roughly $1.4 billion in debt and a market value of about $164 million, the report said.

YRC faces a $69 million debt payment in February next year, a $325 million loan payment in September and a $675 million debt payment in March 2015. Its capital is being eaten away by the interest payments it must make on its debt, WSJ sources said.