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GlobeNewswire·

Shimmick Completes $14.3 Million Equipment Refinancing, Reduces Borrowing Costs

  • Shimmick Corporation completed a $14.3 million equipment refinancing transaction in the third fiscal quarter of 2026 with Sixty-First Commercial Finance.
  • The five-year fixed-rate deal reduced the company's borrowing rate from 12.50% to 9.31%, an improvement of approximately 319 basis points.
  • The transaction generated approximately $4.3 million in incremental liquidity to enhance financial flexibility.
  • CFO Todd Yoder stated the refinancing optimizes the capital structure while providing greater flexibility for future equipment needs & project execution.
  • Kevin Ronan of Sixty-First Commercial Finance highlighted the deal as a customized solution supporting Shimmick's long-term growth strategy.
  • The transaction reinforces Shimmick's commitment to disciplined financial management & strengthening its capital structure for sustainable growth.