COVID Stimulus Watch Individual Entry

Recipient Company:
Timken Co/The
Loan or Loan Guarantee Amount:
$1,065,214

Recipient Details

Ownership Structure: publicly traded (ticker symbol TKR)

Award Details

Award Date: Aug 10, 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: Timken
Headquartered in: Ohio
Parent Sector: industrial equipment
Parent Industry: industrial equipment

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $120,000
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $187,868
ConsumerProt icon
Good Jobs First has no data in this category
CEOpay icon
Good Jobs First has no data in this category
Tax icon
Total Federal, State, and Local Subsidies: $25,247,737
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