Shimmick Completes $14.3 Million Equipment Refinancing, Reduces Borrowing Costs
Shimmick completed a $14.3 million five-year fixed-rate equipment refinancing with Sixty-First Commercial Finance during its fiscal third quarter of 2026. The deal cut the company's borrowing rate from 12.50% to 9.31% -- roughly 319 basis points of savings -- and generated about $4.3 million in incremental liquidity.
Key figures
- Deal Value Usd
- 14300000
- Rate after
- 9.31%
- Term years
- 5
- Rate before
- 12.50%
- Rate improvement bps
- 319
- Incremental liquidity usd
- 4300000
AI analysis
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