{"schema_version":"secwatch.filing_event.v1","accession":"0000742112-23-000071","form_type":"8-K12G3","ticker":null,"cik":"0000742112","company_name":"INVACARE HOLDINGS Corp","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.131305+00:00","generated_at":"2026-06-15T14:51:39.969518+00:00","sec_items":["1.01","5.03","1.02","2.03","3.02","3.03","5.01","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Invacare emerges from Chapter 11 with $85M Highbridge loan, $40M ABL, and $46.5M convertible notes","bullets":["Effective May 5, 2023; old equity canceled; new common shares issued to backstop parties (6,973,654 shares) and others (9,999,980 common, 6,750,011 convertible preferred).","New $85M Highbridge Loan (SOFR+8%) matures 2027; $40M White Oak ABL facility (SOFR+5%) matures 2026.","Issued $25.739M Tranche I and $20.736M Tranche II 7.5% Convertible Senior Secured Notes due 2028; conversion price $1.72/share.","Old Invacare's prepetition debt ($232.9M+ in convertible notes) and all equity canceled; no value for prior holders.","New board appointed: Marec Edgar, Abraham Han, Peter Kuipers, Kimberly Lody, Randel Owen; Crawford, Danielsohn-Weil, Gibeley, Merriman, Nastas, Schwartz departed."],"urls":{"canonical":"https://secwatch.observer/filing/0000742112-23-000071","json":"https://secwatch.observer/filing/0000742112-23-000071.json","markdown":"https://secwatch.observer/filing/0000742112-23-000071.md","text":"https://secwatch.observer/filing/0000742112-23-000071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/ivc-20230505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T14:51:39.969518+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"db66a9708196162a3a422da04761ebf03eed18dd","claim":"INVACARE HOLDINGS Corp incurred term loan of $85 million with Highbridge Capital Management, LLC at Term SOFR + 8.00% or base rate + 7.00% maturing May 5, 2027.","evidence_excerpt":"Pursuant to the Highbridge Loan Agreement, Old Invacare is deemed to have borrowed on the Closing Date an aggregate principal amount of $85 million secured term loans, which secured term loans consist of $55.5 million of secured term loans continued from the Original Credit Agreement and $29.5 million of secured term loans converted from secured term loans under the Superpriority Secured Debtor-In-Possession Credit Agreement, dated as of February 2, 2023, among Old Invacare, the lenders party thereto, Cantor Fitzgerald Securities, as administrative agent for the lenders thereunder and GLAS Trust Corporation Limited, as collateral agent for the secured parties thereunder. The secured term loan is scheduled to mature on May 5, 2027 and accrues interest at an annual rate of Term SOFR + 8.00% or a base rate plus 7.00%.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$85 million"},{"label":"Counterparty","value":"Highbridge Capital Management, LLC"},{"label":"Rate","value":"Term SOFR + 8.00% or base rate + 7.00%"},{"label":"Maturity","value":"May 5, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0d25b6aec2","claim":"Kimberly S. Lody was appointed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"newly-appointed members, Marec. E. Edgar, Abraham T. Han, Peter J. Kuipers, Kimberly S. Lody, and Randel G. Owen","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"225bcab5c8","claim":"Marec E. Edgar was appointed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"newly-appointed members, Marec. E. Edgar, Abraham T. Han, Peter J. Kuipers, Kimberly S. Lody, and Randel G. Owen","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"49578085e3","claim":"Clifford D. Nastas departed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"Edward F. Crawford, Petra Danielsohn-Weil, Marc M. Gibeley, Michael J. Merriman Jr., Clifford D. Nastas and Aron I. Schwartz ceased to be members of Old Invacare’s board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a member"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"52b9a656d1","claim":"Peter J. Kuipers was appointed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"newly-appointed members, Marec. E. Edgar, Abraham T. Han, Peter J. Kuipers, Kimberly S. Lody, and Randel G. Owen","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"593120f889","claim":"Edward F. Crawford departed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"Edward F. Crawford, Petra Danielsohn-Weil, Marc M. Gibeley, Michael J. Merriman Jr., Clifford D. Nastas and Aron I. Schwartz ceased to be members of Old Invacare’s board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a member"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"90256d6712","claim":"Randel G. Owen was appointed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"newly-appointed members, Marec. E. Edgar, Abraham T. Han, Peter J. Kuipers, Kimberly S. Lody, and Randel G. Owen","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9e716c39c2","claim":"Abraham T. Han was appointed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"newly-appointed members, Marec. E. Edgar, Abraham T. Han, Peter J. Kuipers, Kimberly S. Lody, and Randel G. Owen","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a0cec41eac","claim":"Marc M. Gibeley departed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"Edward F. Crawford, Petra Danielsohn-Weil, Marc M. Gibeley, Michael J. Merriman Jr., Clifford D. Nastas and Aron I. Schwartz ceased to be members of Old Invacare’s board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a member"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"bcfeb2a7ae","claim":"Aron I. Schwartz departed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"Edward F. Crawford, Petra Danielsohn-Weil, Marc M. Gibeley, Michael J. Merriman Jr., Clifford D. Nastas and Aron I. Schwartz ceased to be members of Old Invacare’s board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a member"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"bde7d8065f","claim":"Petra Danielsohn-Weil departed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"Edward F. Crawford, Petra Danielsohn-Weil, Marc M. Gibeley, Michael J. Merriman Jr., Clifford D. Nastas and Aron I. Schwartz ceased to be members of Old Invacare’s board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a member"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"dae197ba18","claim":"Michael J. Merriman Jr. departed as Director at INVACARE HOLDINGS Corp.","evidence_excerpt":"Edward F. Crawford, Petra Danielsohn-Weil, Marc M. Gibeley, Michael J. Merriman Jr., Clifford D. Nastas and Aron I. Schwartz ceased to be members of Old Invacare’s board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be a member"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"0d26537ac9928be1c14e55f33b0200fead60abd2","claim":"INVACARE HOLDINGS Corp: Established Series A Convertible Participating Preferred Stock via Certificate of Designations (effective 2023-05-05).","evidence_excerpt":"In connection with the issuance of the Convertible Preferred Stock, the Company filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware on May 5, 2023 to establish the designations, powers, preferences and rights of the Convertible Preferred Stock and the qualifications, limitations and restrictions thereof, including the dividend rate, the redemption provisions, the amount payable with respect thereto in the event of the Company’s voluntary or involuntary liquidation, winding-up or dissolution, restrictions on the issuance of shares of the same series or of any other class or series, the terms and conditions of conversion of the Convertible Preferred Stock and the voting rights of the Convertible Preferred Stock. The Certificate of Designations became effective upon such filing.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-05-05"}],"fact_type":"governance_change"},{"claim_id":"90664a16bd1207541acd11a6ebc1d217f7cddeff","claim":"INVACARE HOLDINGS Corp: Amended and restated the certificate of incorporation.","evidence_excerpt":"the Company amended and restated its certificate of incorporation (the “Charter”) and bylaws (the “Bylaws”), each of which became effective on the Effective Date.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"cc563d06996f7b12476093b00f9bb72e4c8afd72","claim":"INVACARE HOLDINGS Corp: Amended and restated the bylaws.","evidence_excerpt":"the Company amended and restated its certificate of incorporation (the “Charter”) and bylaws (the “Bylaws”), each of which became effective on the Effective Date.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}],"fact_type":"governance_change"},{"claim_id":"30fa7b7e8ec293cb652b0761da89863e25fb85eb","claim":"INVACARE HOLDINGS Corp completed an acquisition involving Invacare Corporation (Old Invacare) (closed 2023-05-05).","evidence_excerpt":"In connection with the Restructuring, Old Invacare completed a series of transactions pursuant to which it became a wholly owned subsidiary of Invacare Holdings Corporation, a Delaware corporation (“Invacare” or the “Company”)","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Invacare Corporation (Old Invacare)"},{"label":"Closing","value":"2023-05-05"}],"fact_type":"ma_transaction"},{"claim_id":"0c86a7833376891c64a0cba38c9daab1cc2c903d","claim":"INVACARE HOLDINGS Corp entered into Loan and Security Agreement with White Oak ABL, LLC and White Oak Commercial Finance, LLC valued at provides for an asset-based lending senior secured revolving credit facility of up to $40,000,000, i (effective 2023-05-05).","evidence_excerpt":"In connection with the emergence from the Chapter 11 Cases, on May 5, 2023, the Company entered into a Loan and Security Agreement (the “Loan and Security Agreement”) by and among the Company, certain of the Company’s direct and indirect North American subsidiaries (the “ABL Borrowers”), certain other of the Company’s direct and indirect North American subsidiaries (together with the Company, the “ABL Guarantors”), Invacare International Holdings Corp., and White Oak ABL, LLC and White Oak Commercial Finance, LLC (together, the “ABL Lenders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"White Oak ABL, LLC and White Oak Commercial Finance, LLC"},{"label":"Value","value":"provides for an asset-based lending senior secured revolving credit facility of up to $40,000,000, i"},{"label":"Effective","value":"2023-05-05"}],"fact_type":"material_agreement"},{"claim_id":"c16d3461ec54c8bf162406b34bca32f34dbacac8","claim":"INVACARE HOLDINGS Corp entered into Highbridge Loan Agreement with Highbridge Capital Management, LLC valued at aggregate principal amount of $85 million secured term loans (effective 2023-05-05).","evidence_excerpt":"On May 5, 2023 (the “Closing Date”), Old Invacare and the Company entered into an Amended and Restated Credit Agreement, which Amended and Restated Credit Agreement amends, restates and replaces in its entirety the Credit Agreement, originally dated as of July 26, 2022, among Old Invacare, the lenders party thereto, Cantor Fitzgerald Securities, as administrative agent for the lenders thereunder and GLAS Trust Corporation Limited, as collateral agent for the secured parties thereunder (the “Original Loan Agreement”), (such Amended and Restated Credit Agreement, the “Highbridge Loan Agreement”) with certain funds managed by Highbridge Capital Management, LLC (“Highbridge”), as the lenders (together with the other lenders from time to time party thereto, the “Lenders”), Cantor Fitzgerald Securities as administrative agent and GLAS Trust Company LLC, as collateral agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742112/000074211223000071/0000742112-23-000071-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Highbridge Capital Management, LLC"},{"label":"Value","value":"aggregate principal amount of $85 million secured term loans"},{"label":"Effective","value":"2023-05-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}