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Mnuchin Asks for Equity Stakes in Exchange for $17 Billion Aid [Yahoo! Finance News]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
) --Treasury Secretary Steven Mnuchin will require public companies deemed critical to national security that seek a share of $17 billion in virus-related relief to offer an equity stake to the government.For private companies, Mnuchin “may, in his discretion, accept senior debt instruments” or other financial interests, the Treasury Department said in the 10-page loan application posted on its website late Thursday.The requirements are similar to those for passenger and cargo airlines seeking payroll assistance from the $2.2 trillion coronavirus stimulus package passed by Congress.Borrowers must have a priority level contract with the government and currently operate under a “top secret facility clearance,” according to the application on Treasury’s website late Thursday.The agency set a May 1 deadline, although it will still consider applications that come in later based on the availability of funds.“This pot of money was designed to consider the needs of defense contractors, key su Show less Read more
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