Tag Archives: loan

Report: Treasury Mulls Setting Aside Nat’l Security Business Relief Funds Under $17B Loan Program

The Department of the Treasury considers safeguarding a $17B loan program for eligible national security companies under the Coronavirus Aid, Relief and Economic Security Act in the event that Boeing (NYSE: BA) and General Electric (NYSE: GE) find themselves in need of funds, Bloomberg reported Tuesday. Both companies have raised funds through bond offerings, divestiture and other initiatives.

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Ellen Lord: Treasury Consults With DoD on Possible Eligibility Expansion for $17B Loan Program

Ellen Lord

Less than 20 defense companies have applied for $17B worth of loans under the Coronavirus Aid, Relief and Economic Security Act and Ellen Lord, undersecretary for acquisition and sustainment at the Department of Defense and a 2020 Wash100 awardee, said the Treasury Department is working with DoD as it considers how to expand the eligibility requirements for such loans, Defense News reported Thursday.

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Treasury Wants National Security Firms Seeking Loans to Propose Financial Instruments

treasury-wants-national-security-firms-seeking-loans-to-propose-financial-instruments

The Department of the Treasury will require publicly traded defense contractors and other national security firms applying for loans under the Coronavirus Aid, Relief and Economic Security Act to provide “appropriate financial instruments” such as equity stakes and warrants, Reuters reported Friday.

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URS to Fuel Global Expansion with $1.7 Billion Credit Facility

URS Corp. (NYSE: URS) has entered a five-year $1.7 billion senior credit facility, which will support global expansion and continued operations, the company said in a release. The facility will mature in October 2016 and includes a $700 million term loan facility and a $1.0 billion revolving credit facility. The initial interest rate …

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Lockheed Announces New $1.5B Credit Line

Lockheed Martin (NYSE: LMT) has entered into a new $1.5 billion unsecured revolving credit facility with banks led by JP Morgan Chase Bank N.A. Lockheed can seek additional loans equaling up to $2 billion over the course of the agreement, with no individual loan exceeding $500, 000. The agreement will valid through Aug. 25, 2016 …

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