COVID Stimulus Watch Individual Entry

Recipient Company:
Penske Truck Leasing Co Lp / PTL Finance Corp
Loan or Loan Guarantee Amount:
$2,195,815

Recipient Details

Ownership Structure: joint venture (owned by Penske Corporation, Penske Automotive Group, GE Capital and Mitsui)

Award Details

Award Date: Nov 2, 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:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Penske Truck Leasing
Headquartered in: Pennsylvania
Parent Sector: miscellaneous services
Parent Industry: truck leasing

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $3,176,398
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $746,045
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $85,000
CEOpay icon
Good Jobs First has no data in this category
Tax icon
Total Federal, State, and Local Subsidies: $4,147,146
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues