Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
INVACARE HOLDINGS Corp incurred credit facility of $12,000,000 with White Oak Commercial Finance, LLC.
- Instrument
- credit facility
- Principal
- $12,000,000
- Counterparty
- White Oak Commercial Finance, LLC
- Event
- incurrence
Exact text from the filing
provide for additional borrowings under the Amended Loan and Security Agreement in the aggregate principal amount of $12,000,000
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
INVACARE HOLDINGS Corp: Amended Certificate of Designations to amend terms of preemptive rights held by holders of Series A Preferred Stock (effective 2024-03-13).
- Change
- charter amendment
- Effective
- 2024-03-13
Exact text from the filing
On March 13, 2024, in connection with the Second Amendment, the Company, with the consent of the holders required thereby, amended the Certificate of Designations of the Company, dated as of May 5, 2023 (the “ Certificate of Designations ”, and such amendment, the “ Amendment to the Certificate of Designations ”), to, among other things, amend the terms of the preemptive rights held by holders of the outstanding shares of the Company’s 9.00% Series A Convertible Participating Preferred Stock, $0.0001 par value per share (the “ Series A Preferred Stock ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
INVACARE HOLDINGS Corp amended Second Amendment to Loan and Security Agreement with White Oak Commercial Finance, LLC (effective 2024-03-13).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- White Oak Commercial Finance, LLC
- Effective
- 2024-03-13
Exact text from the filing
On March 13, 2024, Invacare Holdings Corporation (the “ Company ”) entered into the Second Amendment to Loan and Security Agreement (the “ Second Amendment ”) 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., each lender party thereto (collectively, the “ Lenders ”), and White Oak Commercial Finance, LLC, as administrative and as collateral agent (the “ Agent ”).
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