Invacare Prices Offering

Invacare, a manufacturer of medical equipment, said late Thursday that it has priced its offering of $105 million aggregate principal amount of 4.5% convertible senior notes due 2022 in a private placement to qualified institutional buyers. The underwriters have been granted an option to purchase up to $15 million additional amount of notes.

The company intends to use the net proceeds of approximately $100.1 million to fund its convertible note hedge transaction and for working capital and general corporate purposes. The offering, which has been upsized from $100 million, is expected to close on June 14, subject to closing conditions.

Leave a Comment