Tag: Credit Agreement
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...
