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Shimmick Secures $14.3 Million Equipment-Backed Loan at 9.31%, Refinances and Amends Facilities
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Shimmick obtained a $14.3 million equipment-backed loan at a 9.31% rate from Sixty-First Commercial Finance, maturing Oct 2, 2031, to fund project expenses and general corporate purposes. In parallel, Shimmick and a subsidiary issued guaranties supporting the new facility. The company also terminated and repaid its 2025 loan with Ansley Park Capital and amended its revolving and term credit documents with Alter Domus, AECOM, Berkshire Hathaway Specialty Insurance, and…
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