Honigman Advises Shoulder Innovations on the Closing of $50 Million Credit Facility

Honigman recently represented Shoulder Innovations, Inc. (NYSE: SI), a commercial-stage medical technology company focused on transforming the shoulder surgical care market, in connection with a new $50 million credit facility with Stifel Venture Banking.

The financing includes a $15 million growth capital term loan, fully funded at closing, as well as a $30 million undrawn line of credit (with a $5 million accordion feature).

The Honigman deal team advising Shoulder Innovations on the matter was led by Finance Partner Michelle Bleda Drew and included Associates Chase Yarber and Lillian Huff, with additional support from James Combs (Tax), S. Tony Ling (Employee Benefits and Executive Compensation), Thomas Appledorn and Steven Forte (Intellectual Property).