secwatch.observer — SEC 8-K summary
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Issuer:     Shimmick Corp (SHIM)
CIK:        0001887944
Form:       8-K
Filed at:   2026-10-08T21:20:16+00:00
Accession:  0001193125-26-418076
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1887944/000119312526418076/0001193125-26-418076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1887944/000119312526418076/shim-20261002.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-418076

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