Yahoo · Oct 21, 2026
Shimmick Completes $14.3 Million Equipment Refinancing, Reduces Borrowing Costs
IRVINE, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Shimmick Corporation (NASDAQ: SHIM), a leading provider of water and critical infrastructure solutions, today announced that it completed a $14.3 million equipment refinancing transaction during the third fiscal quarter of 2026 with Sixty-First Commercial Finance. The five-year, fixed-rate financing refinanced existing equipment debt, reducing the Company's borrowing rate from 12.50% to 9.31%, an improvement of approximately 319 basis points. The

