Invacare gets $400 million revolver priced at Libor plus 250 bps

By Sara Rosenberg

New York, Oct. 28 - Invacare Corp. closed on a new $400 million five-year senior secured revolving credit facility, according to a news release.

Initial pricing on the revolver is Libor plus 250 basis points with a 40 bps unused fee.

Proceeds are being used to repay and terminate an existing credit facility and to help fund the repurchase of approximately $146 million in 9¾% senior notes.

Invacare is an Elyria, Ohio-based manufacturer and distributor of home and long-term care medical products.

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