New Capital to Support Strategic Acquisition and Drive Future Growth  

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has provided $100 million of liquidity to SkyWater Technology (“SkyWater”), a publicly traded company on the Nasdaq Stock Exchange (NASDAQ: SKYT).

SkyWater, headquartered in Bloomington, MN, is the most advanced domestically owned and operated Trusted Foundry, serving the needs of the U.S. government and a diverse range of commercial markets.  The company designs and manufactures semiconductor wafer-based technologies for aerospace and defense, biomedical, consumer, industrial, and automotive applications.

The new revolving credit facility refinanced the company’s existing working capital line originally provided by Great Rock Capital and Siena Lending in 2022. In addition, the new facility provided capital to support a strategic acquisition and will increase the company’s ongoing liquidity to support the future growth outlook of the business.

Siena Lending served as the lead agent for the overall $350 million senior secured credit facility.

About Great Rock Capital

Great Rock Capital is an asset-focused commercial finance company that specializes in serving the needs of middle market companies across the United States and Canada. The Company provides fast, flexible, and creative financing solutions that maximize liquidity and provide growth capital. The senior secured credit facilities offered by the firm range in size from $15MM to $150MM and include working capital, term-heavy, and term-only loan structures not provided by traditional commercial lenders. The firm has significant capital commitments from its partners: a private equity business, a large institutional investor, and corporate note holders. To learn more, visit www.greatrockcapital.com.