Tag: Borrowing
Invacare secures new credit facility
January 20, 2015HME News Staff
ELYRIA, Ohio - Invacare has secured a new revolving credit and security agreement, establishing a $100 million asset-based lending senior secured credit facility, the company announced Jan. 16.“Under the new credit facility, the company will not have the financial covenant limitations, such as the debt leverage covenant, which was in the previous credit agreement,” stated Rob Gudbranson, interim president and CEO, and senior vice president and CFO, in a press release. “We appreciate...
