Great Rock Capital provided $100 million of liquidity to SkyWater Technology (“SkyWater”), a publicly traded company on the Nasdaq Stock Exchange.

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.