ACF and Ansley Park provide ABL facility to Shimmick Corporation

Ares Commercial Finance (ACF) recently announced that it has provided a US$15m senior secured revolving line of credit to Shimmick Corporation (“Shimmick” or the “Company”), an Irvine, California-based infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation. Ansley Park Capital (“Ansley Park”), an affiliate of Ares Management, provided a complementary US$15m machinery and equipment term loan, the combination of which delivered a complete financing solution.

“Our goal from the beginning was to provide Shimmick with a one-stop solution for working capital and equipment finance needs,” said Mitch Drucker, Partner, Ares Commercial Finance. “Ares and Ansley Park worked in lockstep to customize a credit facility that met Shimmick’s immediate and longer-term financing goals. We look forward to supporting the Company as they manage their robust pipeline of projects in 2025 and beyond.”

Speaking on behalf of Ansley Park Capital, Michael Gay, Executive and Chief Commerical Officer, said: “We are proud to invest in a company that has consistently delivered high-impact infrastructure solutions for over 30 years.
Our customized financing approach ensures that experienced operators have access to the capital they need to optimise performance and pursue long-term growth.”

Proceeds from the working capital financing will be used to refinance existing indebtedness and provide the Company additional liquidity.

About Shimmick Corporation
Shimmick Corporation (“Shimmick”, the “Company”) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resiliency, and sustainable transportation. With a track record that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today’s most complex infrastructure challenges.

About Ares Commercial Finance
Ares Commercial Finance is the commercial finance platform of Ares Management Corporation. ACF provides credit facilities up to US$500m to middle market and lower-middle market companies. ACF addresses a wide scope of industries including manufacturing, distribution, wholesale, retail and consumer products and services and healthcare. Leveraging the breadth and experience of the Ares platform, ACF delivers customised financing solutions for a variety of financing needs: general refinancing, working capital/growth, acquisitions, restructuring/turnaround situations, debtor-in-possession/exit financing, and special accommodation financing.

About Ansley Park Capital
Ansley Park Capital is a premier lending and specialty finance platform focused on delivering customised financing solutions for essential-use, large-ticket equipment and machinery across a multitude of asset types and industries.

Source: Ares Commercial Finance