---
title: "Shoulder Innovations Secures $45 Million Stifel Credit Facilities; Term Loan Funds Refinancing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291135648.md"
description: "Shoulder Innovations secured $45 million in credit facilities from Stifel Bank, comprising a $15 million senior secured term loan and a $30 million asset-based revolving facility. The term loan funded the $15.7 million payoff of its prior Trinity Capital debt, releasing all liens. This refinancing aims to strengthen liquidity and provide greater financial flexibility for working capital and general corporate purposes."
datetime: "2026-06-29T11:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291135648.md)
  - [en](https://longbridge.com/en/news/291135648.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291135648.md)
---

# Shoulder Innovations Secures $45 Million Stifel Credit Facilities; Term Loan Funds Refinancing

Shoulder Innovations entered into a new Loan and Security Agreement with Stifel Bank, adding a $15.0 million senior secured term loan and a $30.0 million asset-based revolving facility (expandable by $5.0 million). The term loan was funded at closing to refinance prior debt, and the revolver remains available for working capital and general corporate purposes. Concurrently, the company paid $15.7 million to retire and terminate its 2023 loan agreement with Trinity Capital, with all liens released. Management expects the refinancing to strengthen liquidity and provide greater financial flexibility.

**New agreement details:**

-   **Agreement type**: Senior secured term loan and asset-based revolving credit facility
-   **Counterparty**: Stifel Bank
-   **Signed / Effective**: Jun 26 2026 / Jun 26 2026
-   **Duration / Termination**: Term loan to Jun 01 2031; revolver to Jun 26 2029
-   **Reason**: Refinance debt and enhance liquidity

**Terminated agreement details:**

-   **Agreement terminated**: Loan and Security Agreement
-   **Counterparty**: Trinity Capital
-   **Original agreement date**: Aug 07 2023
-   **Termination date**: Jun 26 2026
-   **Termination type**: Early
-   **Exit fees / payments**: $15.7 million payoff
-   **Reason**: Refinanced with new Stifel facilities

Original SEC Filing: SHOULDER INNOVATIONS, INC. \[ SI \] - 8-K - Jun. 29, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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