Shimmick (SHIM) shares rose 4.3% in recent trading Wednesday after the company received a combined $30 million in financing from Ares Management (ARES) affiliates, aimed at refinancing existing debt and boosting liquidity.
Ares Commercial Finance provided a $15 million senior secured revolving line of credit, and the Ansley Park Capital affiliate extended a $15 million machinery and equipment term loan.
"Our goal from the beginning was to provide Shimmick with a one-stop solution for working capital and equipment finance needs," Mitch Drucker, a partner at Ares Commercial Finance, said Wednesday in a statement.
Ares Management shares rose 0.1%.
Price: 1.85, Change: +0.08, Percent Change: +4.29
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。