Shimmick Corporation secured new financing agreements with Ares Commercial Finance and Ansley Park Capital, announced on May 28, 2025. Ares Commercial Finance provided a $15 million senior secured revolving line of credit to Shimmick. This facility is intended to support the company's ongoing operational liquidity.
In addition to the revolving line of credit, Ansley Park Capital, an affiliate of Ares Management, provided a complementary $15 million machinery and equipment term loan. The combined financing solution totals $30 million, bolstering Shimmick's available capital. This financing package is designed to provide Shimmick with enhanced financial flexibility.
The proceeds from these new financing agreements are planned to be used by Shimmick to refinance existing indebtedness and to further enhance the company's overall liquidity position. This move supports Shimmick's strategic transformation and its focus on critical infrastructure markets.
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