ELYRIA, Ohio--(BUSINESS WIRE)--Invacare Corporation (NYSE: IVC) announced today that its previously announced cash tender offer (the “Offer”) for any and all of its outstanding 9 3/4% senior notes due 2015 (CUSIP No. 461203AB7) (the “Notes”) and solicitation of consents to certain proposed amendments to the indenture governing the Notes (the “Indenture”) expired at 8:00 a.m., Eastern time, November 1, 2010 (the “Expiration Time”). At the Expiration Time, an aggregate of $142,945,000 in principal amount of the Notes had been validly tendered and not validly withdrawn in the Offer. On November 1, 2010, Invacare paid $1,075 (the “Total Consideration”) for each $1,000 principal amount of the Notes validly tendered on or prior to the Expiration Time, which included a consent payment of $30.00 per $1,000 principal amount of Notes. Invacare also paid accrued and unpaid interest on the purchased Notes up to, but not including, November 1, 2010. After giving effect to the Notes purchased in the Offer, an aggregate of approximately $3,055,000 principal amount of the Notes currently remain outstanding.
