• Shimmick entered a Loan and Security Agreement with Sixty-First Commercial Finance for $14.3 million of borrowing capacity.
• Promissory Note matures Oct. 2, 2031; interest rate set at 9.31%.
• Default triggers interest at the lesser of 15.0% or the maximum rate allowed by law; lender can accelerate repayment.
• Financing is secured by specified equipment-related collateral; Shimmick provided guarantees through the parent and a wholly owned unit.
• Company repaid and terminated its prior Ansley Park Capital loan; amended Alter Domus-led and ACF FINCO credit agreements to reflect the new facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shimmick Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-418076), on October 08, 2026, and is solely responsible for the information contained therein.