Yale School of Management

Posts by Critical Industry

US Treasury Extends $700 Million Loan to YRC Worldwide Inc. under CARES Act Provision

July 1, 2020
On July 1, the US Treasury announced it would make a $700 million loan to YRC Worldwide Inc., a heavyweight equipment transportation company that was deemed by the US Secretary of Defense to be critical to national security. Treasury will receive a 29.6% equity stake in the company in connection with the loan. Continue reading “US Treasury Extends $700 Million Loan to YRC Worldwide Inc. under CARES Act Provision”