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Invacare Publicizes Further Draw Of Time Period Loans

ELYRIA, Ohio — Invacare has introduced the consummation of further draws of an aggregate of $18.5 million of term loans pursuant to its credit settlement with sure funds managed by Highbridge Capital Administration. Additional commitments of $19.5 million stay accessible underneath the Amended Highbridge Mortgage Agreement, topic to the satisfaction of sure situations set forth therein. Concurrently with the extra attracts, the corporate consummated the additional closings below the alternate agreements previously entered into with Highbridge and exchanged $13.825 million in aggregate principal quantity of 4.25% convertible senior notes due 2026 for (i) $5.186 million in aggregate principal amount of further 5.68% convertible senior secured notes due 2026, Tranche I, and (ii) $5.183 million in aggregate principal amount of extra 5.68% convertible senior secured notes due 2026, Tranche II.

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