---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-418076"
form_type: "8-K"
ticker: "SHIM"
cik: "0001887944"
company_name: "Shimmick Corp"
filed_at: "2026-10-08T21:20:16+00:00"
generated_at: "2026-10-12T15:22:01.166693+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Shimmick signs $14.3M equipment loan at 9.31%, repays Ansley Park debt

## Summary
- New Loan and Security Agreement with Sixty-First Commercial Finance provides $14.3M borrowing capacity; initial advance of $14,285,255 at 9.31% interest, maturing October 2, 2031.
- Proceeds for project expenses and general corporate purposes; default interest capped at lesser of 15.0% or maximum legal rate; 1.0% upfront fee on advances.
- First-priority security interest covers equipment, related software/IP, cash deposits, contract rights, insurance proceeds and proceeds; advances capped at 72.5% of appraised equipment value.
- Prior Loan and Security Agreement with Ansley Park Capital (March 12, 2025) repaid and terminated on the closing date.
- Credit agreements with Alter Domus (agent), AECOM, Berkshire Hathaway Specialty Insurance and ACF FINCO I LP amended to replace references to the prior loan.

## SEC filing metadata
- accession: 0001193125-26-418076
- form_type: 8-K
- ticker: SHIM
- cik: 0001887944
- company_name: Shimmick Corp
- filed_at: 2026-10-08T21:20:16+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1887944/000119312526418076/0001193125-26-418076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1887944/000119312526418076/shim-20261002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-418076
- JSON: https://secwatch.observer/filing/0001193125-26-418076.json
- Plain text: https://secwatch.observer/filing/0001193125-26-418076.txt

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