Shimmick enters loan agreement with $14.30 million borrowing capacity
SHIM•Shimmick entered a loan agreement with $14.30 million in borrowing capacity on Oct. 2, 2026, and terminated its loan agreement with Ansley Park Capital. The promissory note matures Oct. 2, 2031, at a 9.31% interest rate.
1. Loan agreement details
Shimmick entered a loan agreement with $14.30 million in borrowing capacity on Oct. 2, 2026, and terminated its loan agreement with Ansley Park Capital that day. The promissory note matures Oct. 2, 2031, at a 9.31% interest rate. The company also amended its revolving credit facility with Alter Domus, AECOM and Berkshire Hathaway Specialty Insurance.
