Financing ·
On June 26, 2026, Shoulder Innovations, Inc. entered into a Loan and Security Agreement with Stifel Bank, providing a…
SIShoulder Innovations, Inc.
On June 26, 2026, Shoulder Innovations, Inc. entered into a Loan and Security Agreement with Stifel Bank, providing a $15.0 million senior secured term loan and a $30.0 million senior secured asset-based revolving line of credit, which may increase by $5.0 million. The company used the term loan proceeds to voluntarily prepay and terminate its $15.7 million outstanding debt with Trinity Capital Inc. The term loan matures on June 1, 2031, while the revolving facility matures on June 26, 2029. The new credit facilities are secured by substantially all company assets, excluding intellectual property. Shoulder Innovations, Inc. is a medical technology company specializing in surgical solutions.