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Tag: Credit Agreement

Invacare taps into $5.5M


Invacare taps into $5.5M

December 27, 2022HME News Staff

ELYRIA, Ohio – Invacare on Dec. 27 announced an additional draw of $5.5 million of term loans under its credit agreement with certain funds managed by Highbridge Capital Management. “As guided in the 3Q22 earnings release, Europe achieved sequential growth in revenues and profitability driven by improved supply chain circumstances giving us confidence that our transformation program is reaping benefits,” said Geoff Purtill president and CEO. “Today’s announcement...

Credit Agreement, Invacare

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Also Noted

Invacare amends credit agreement

February 3, 2014HME News Staff

ELYRIA, Ohio - Invacare has amended its credit agreement, giving the company more flexibility on its maximum leverage ratio financial covenant through Sept. 30, 2014, according to an announcement. Per the agreement, which went into effect Jan. 31, Invacare's maximum leverage ratio for the first three quarters of 2014 has been increased. The agreement also allows the company to add back to EBITDA up to $20 million for one-time cash restructuring charges, an increase of $5 million from the previous...

Consent Decree, Credit Agreement, Food & Drug Administration (FDA), Invacare

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