Tariff-struck companies exploring loans backed by refund claims - Reuters
Tariff-struck companies exploring loans backed by refund claims Reuters
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Notable Quotes
"There's a lot of money looking to be deployed."
— Raniero D'Aversa , Executive
"What happens if the market goes from fifty cents to twenty cents? Now my collateral value has diminished and my loan is at risk."
— Neil Seiden , Executive
"lenders, including banks, hedge funds, and private credit firms, are increasingly willing to finance these claims."
— Raniero D’Aversa , Executive
"loans need large claims which typically exceed $20 million and have minimum borrowing requirements of $10 million."
— Neil Seiden , Executive
"it was difficult to predict the impact of tariffs"
— Ron Vachris , Executive
Key People
Managing director of Asset Enhancement Solutions, which arranges debt financing for companies.
Partner and chair of law firm Orrick’s restructuring team.
Raniero D’Aversa is a partner at Orrick, providing insights into financing tariff refund claims.
Ron Vachris is the CEO of Costco.
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<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxPdkRKSkktX3plaTRISjJvM1oyWDFOTTlxeUFBTExlUUtxaGNqODdwNURlcFhKOVlaUU5PVGRxX3c0dTc3RTBIOFBEVlhUSlNid0dWM05MVnFzSnhYWktjQmxvQXo1RFY2ZlBHN1RBZTJVOUpNaTJnU0xxVjBmelFhcHpXSXBXN1FPbTh4TG4tUkFMWU8zanZqZ2w3X3UyZzFESWxNcl9TbERzaklPOG1wTWNtX2I5Vms?oc=5" target="_blank">Tariff-struck companies exploring loans backed by refund claims</a> <font color="#6f6f6f">Reuters</font>
Some companies affected by tariffs are considering using refund claims as collateral for loans, aiming to secure short-term funding while awaiting refunds from overturned tariffs.
US importers are turning to tariff refund claims as loan collateral due to delays in receiving refunds from tariffs that were canceled by the Trump administration.
A proposed class action accuses Costco of unjust enrichment for collecting tariff costs from consumers and simultaneously seeking refunds from the federal government.
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