United States of America: U.S. Department of Treasury makes a loan of $700 million to YRC holding as part of the CARES ACT loan package for national security businesses (COVID-19)

Announcement

08 Jul 2020

The U.S. Treasury agreed to make a loan of USD 700 million to YRC Worldwide Inc. pursuant to the Coronavirus Aid, Relief, and Economic Security Act (CARES).

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

08 Jul 2020

Revocation date:

No revocation date

Updated: 08 Jul 2020

State loan In force

On 8 July 2020, the U.S. Department of the Treasury approved a loan to YRC Worldwide Inc. having a total value of USD 700 million. The loan was granted under the Coronavirus Aid, Relief and Economi...

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