---
schema_version: "secwatch.filing_event.v1"
accession: "0001699350-26-000044"
form_type: "8-K"
ticker: "SI"
cik: "0001699350"
company_name: "SHOULDER INNOVATIONS, INC."
filed_at: "2026-06-29T11:07:33+00:00"
generated_at: "2026-06-29T11:10:11.326063+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001699350-26-000044
- form_type: 8-K
- ticker: SI
- cik: 0001699350
- company_name: SHOULDER INNOVATIONS, INC.
- filed_at: 2026-06-29T11:07:33+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699350/000169935026000044/0001699350-26-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699350/000169935026000044/si-20260626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699350-26-000044
- JSON: https://secwatch.observer/filing/0001699350-26-000044.json
- Plain text: https://secwatch.observer/filing/0001699350-26-000044.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.