Shimmick Corporation (NASDAQ: SHIM) completed a $14.3 million equipment refinancing with Sixty-First Commercial Finance during its fiscal third quarter of 2026. The five-year, fixed-rate loan cut the borrowing rate from 12.50% to 9.31%, a reduction of about 319 basis points, and generated approximately $4.3 million in additional liquidity. CFO Todd Yoder said the deal reflects the company's focus on lowering financing costs and strengthening its capital structure. Sixty-First is a joint venture between Sixth Street's Asset Based Finance platform and First Citizens Bank.
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