COVID Stimulus Watch Individual Entry

Recipient Company:

Caterpillar Financial Services Corp

Loan or Loan Guarantee Amount:

$2,017,630

Recipient Details

Ownership Structure: publicly traded (ticker symbol CAT)

Award Date: Oct 8, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Caterpillar Inc.

Headquartered in: Illinois

Parent Sector: heavy equipment

Parent Industry: construction equipment

Employees (prior to pandemic): 102,300

Employment-related Penalties: $16,623,239

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $89,275,817

Consumer Protection / Financial / Competition-related Penalties: $26,350

Ratio of CEO Pay to that of Median Worker: 530 to 1

CEO Compensation: $34,519,129

Worker Median Pay: $65,132

Total Federal, State, and Local Subsidies: $271,326,806

Federal Corporate Income Tax Rate: 4.9%