Elyria, Ohio-based Invacare Corp. entered separate, privately negotiated agreements with certain holders of its 5.0% convertible senior notes due 2021 to exchange $72.9 million in aggregate principal amount of 2021 notes, for aggregate consideration of $72.9 million in aggregate principal amount of new 5.0% convertible senior exchange notes due 2024 and approximately $6.9 million in cash. Following the closing of these transactions, $61.1 million in aggregate principal amount of the 2021 notes will remain outstanding with terms unchanged. The exchange is expected to close on Nov. 19. Invacare develops medical equipment used in non-acute care settings.

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