COVID Stimulus Watch Individual Entry

Recipient Company:

Lowe's Cos Inc

Loan or Loan Guarantee Amount:

$2,875,531

Recipient Details

Ownership Structure: publicly traded (ticker symbol LOW)

Award Date: Jun 28, 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: Lowe's

Headquartered in: North Carolina

Parent Sector: retailing

Parent Industry: retail-home improvement

Employees (prior to pandemic): 320,000

Employment-related Penalties: $45,932,549

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $33,721,047

Consumer Protection / Financial / Competition-related Penalties: $2,040,000

Ratio of CEO Pay to that of Median Worker: 511 to 1

CEO Compensation: $11,621,369

Worker Median Pay: $22,748

Total Federal, State, and Local Subsidies: $186,227,734

Federal Corporate Income Tax Rate: 24.0%