---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-109469"
form_type: "8-K"
ticker: "SHIM"
cik: "0001887944"
company_name: "Shimmick Corp"
filed_at: "2024-09-26T23:59:59+00:00"
generated_at: "2026-05-31T01:40:51.195267+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Shimmick amends credit facilities: $15M borrowing capacity, maturity to Dec 2024, existing defaults waived

## Summary
- MidCap Amendment provides $15M borrowing capacity (none drawn), extends maturity to Dec 31, 2024 with 90-day extension option.
- Company had existing Events of Default which were conditionally waived under the MidCap Amendment.
- AECOM/BHSI Amendment consents to MidCap changes and requires mandatory prepayments if MidCap loans unused within 5 days.
- Borrowers to pay a $150,000 fee to lenders on the effective date.
- Conditions include delivery of an Irrevocable Standby Letter of Credit and amendment to the AECOM Guaranty.

## SEC filing metadata
- accession: 0000950170-24-109469
- form_type: 8-K
- ticker: SHIM
- cik: 0001887944
- company_name: Shimmick Corp
- filed_at: 2024-09-26T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1887944/000095017024109469/0000950170-24-109469-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1887944/000095017024109469/shim-20240925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-109469
- JSON: https://secwatch.observer/filing/0000950170-24-109469.json
- Plain text: https://secwatch.observer/filing/0000950170-24-109469.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.