Invacare Corporation (IVC) Announces Amendment to Credit Agreement
5/30/2013 11:21:07 AM
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ELYRIA, Ohio--(BUSINESS WIRE)--Invacare Corporation (NYSE: IVC) announced today that it has successfully amended its credit agreement effective May 30, 2013, providing the Company with additional flexibility on its financial covenants through December 31, 2013. "'We are pleased to have completed this amendment to our credit agreement. We now have additional financial flexibility related to our debt covenants, which is important as we continue to work through the phase of the consent decree with the United States Food and Drug Administration that limits production at our Taylor Street wheelchair manufacturing facility in Elyria, Ohio. We are confident that we will exit this challenging period as an even stronger company, and we would like to thank our lenders for their support,'' said Gerald B. Blouch, President and Chief Executive Officer.
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