Shoulder Innovations closes up to $50M credit facility, refinances existing debt with improved terms

SHOULDER INNOVATIONS, INC.

$15M term loan fully funded; used to repay $15.7M owed to Trinity Capital.
$30M undrawn revolving line of credit with $5M accordion feature available.
Term loan interest: greater of prime minus 0.75% or 5.00%; interest-only through June 2029, matures June 2031.
New facility adds no additional indebtedness and includes no warrants.
Partnership with Stifel Venture Banking aligns lender with company's growth stage.

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