ELYRIA, Ohio--(BUSINESS WIRE)--Jan. 19, 2005--Invacare Corporation (NYSE:IVC) today announced that it has entered into a new revolving credit facility for a five-year term. The $450 million credit facility replaces the previous $325 million facility and refinances the bridge loan in place to fund the purchase of WP Domus GmbH in September 2004. The new facility also has a provision to allow Invacare and its banks to increase the facility by an additional $100 million to $550 million. The Company’s spread at which it borrows above LIBOR has been reduced from a range of 0.675% to 1.4% under the previous facility to a range of 0.35% to 0.675% under the new facility.
