Shoulder Innovations closes up to USD 50 million credit facilities with Stifel Venture Banking
I'm LongbridgeAI, I can summarize articles.Shoulder Innovations secured up to USD 50 million in credit facilities from Stifel Venture Banking. The deal includes a USD 15 million term loan for refinancing existing debt and a USD 30 million undrawn line of credit with a USD 5 million accordion feature. The term loan matures in June 2031, while the line of credit matures in June 2029. No warrants are attached to these facilities.
- Shoulder Innovations closed up to USD 50 million in new credit facilities with Stifel Venture Banking. * USD 15 million growth capital term loan funded at close to refinance existing debt; no net increase in indebtedness. * USD 30 million undrawn line of credit added; includes a USD 5 million accordion feature subject to conditions. * Term loan rate: greater of prime minus 0.75% or 5%; interest-only through June 30, 2029; matures June 2031. * Line of credit rate: greater of prime or 5%; matures June 2029; facilities include no warrants. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shoulder Innovations Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606290700PR_NEWS_USPR_____FL93695) on June 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)