SHOULDER INNOVATIONS, INC.

$45m committed across 1 active facility. SI

Surgical & Medical Instruments & Apparatus

Tested springingHeadroom not yet measuredn/a
Borrower shall achieve revenue (calculated in accordance with GAAP and measured on a trailing six (6) month basis) of not less than the following amounts for the corresponding measuring periods to be tested quarterly on the last day of the following fiscal quarter for each applicable period set forth in the chart below:
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LOAN AND SECURITY AGREEMENTunconfirmed

Signed Jun 26, 2026

Committed
$45m
Matures
Jun 2029
Agent
STIFEL BANK
TrancheSizeMaturesMargin
Revolving Line$30mJun 2029n/a
Term Loan$15mJun 2031n/a

Lenders: STIFEL BANK

No amendments on file yet.

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