Invacare to redeem its $3.06 million 9¾% senior notes due 2015

By Melissa Kory

Cleveland, Nov. 16 - Invacare Corp. announced that it will redeem its outstanding $3.055 million of 9¾% senior notes due 2015.

The notes will be redeemed on Dec. 31 at par, plus accrued interest to, but not including, the redemption date.

Wells Fargo Bank, NA is the redemption agent.

The redemption is being made with a portion of the proceeds from the $400 million senior secured credit facility priced at Libor plus 250 basis points that Invacare recently entered into.

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

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