United States of America: The Federal Reserve allocates USD 23.8 million to purchase part of a loan granted to Spartan Race Inc
Announcement
23 Dec 2020
In December 2020, the Federal Reserve allocated USD 23.8 million to purchase part of a commercial loan granted to Spartan Race Inc the transaction was carried out under The Main Street Lending Program.
On 23 December 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Spartan Race Inc extended by Keybank National Association. The Fed's financial stake in this loan was USD 23.8 m...