Ares Commercial Finance and Ansley Park Capital Provide Asset Based and Equipment Financing to Shimmick Corporation

NEW YORK--(BUSINESS WIRE)--Ares Commercial Finance (“ACF”) announced today that it has provided a $15 million 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 $15 million machinery and equipment term loan, the combination of which delivered a complete financing solution.

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.

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“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 Commercial 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 optimize 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") (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resiliency, and sustainable transportation. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. 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. For more information, visit www.shimmick.com.

About Ares Commercial Finance

Ares Commercial Finance is the commercial finance platform of Ares Management Corporation. ACF provides credit facilities up to $500 million 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 works with borrowers to deliver creative, flexible, and customized 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. For more information on ACF visit https://www.arescommercialfinance.com/.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

About Ansley Park Capital

Ansley Park Capital is a premier lending and specialty finance platform focused on delivering flexible and customized financing solutions for essential-use, large-ticket equipment and machinery across a multitude of asset types and industries. At Ansley Park Capital, we tap into the responsiveness, flexibility, and creativity of a highly experienced team with unmatched access across the equipment finance industry to serve a broad community of borrowers to meet their individual needs with full product capabilities. Our approach to working with our clients is simple: we strive to understand our customers, take the time to underwrite their business, and provide tailored financing solutions to help them grow their businesses today and well into the future. For more information on Ansley Park Capital, please visit www.ansleyparkcapital.com.