Financing ·
Shimmick borrows $14.3M from Sixty-First Commercial Finance at 9.31% interest
SHIMShimmick Corp
On October 2, 2026, Shimmick Corporation entered into a Loan and Security Agreement with Sixty-First Commercial Finance, LLC, securing a borrowing capacity of $14.3 million evidenced by a promissory note due on October 2, 2031. The facility accrues interest at an annual rate of 9.31%, secured by equipment, intellectual property, and other collateral, with guarantees provided by the Company and its subsidiaries. Concurrently, Shimmick repaid all outstanding amounts under a previous loan agreement with Ansley Park Capital LLC and terminated that prior facility. The company also amended existing revolving credit facilities with Alter Domus (US) LLC and ACF FINCO I LP to replace references to the terminated lender. Shimmick Corporation operates in the construction industry, specializing in infrastructure projects such as highways, bridges, and tunnels.