---
schema_version: "secwatch.filing_event.v1"
accession: "0000742112-24-000013"
form_type: "8-K"
ticker: null
cik: "0000742112"
company_name: "INVACARE HOLDINGS Corp"
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T18:20:36.121765+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Invacare secures $12M additional loan, issues 10.4M shares, waives cash covenant

## Summary
- Secured $12M additional loan under Second Amendment to ABL facility dated March 13, 2024.
- Issued 10,407,745 common shares to lenders in private placement via subscription agreements.
- Waived requirement to maintain $4M unrestricted cash in controlled accounts through June 30, 2024.
- Amended Certificate of Designations for Series A Preferred Stock to modify preemptive rights.
- Discussions ongoing for further financing; termination fee payable if alternative financing before April 30, 2024.

## SEC filing metadata
- accession: 0000742112-24-000013
- form_type: 8-K
- cik: 0000742112
- company_name: INVACARE HOLDINGS Corp
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.03, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/742112/000074211224000013/0000742112-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/742112/000074211224000013/ivc-20240313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000742112-24-000013
- JSON: https://secwatch.observer/filing/0000742112-24-000013.json
- Plain text: https://secwatch.observer/filing/0000742112-24-000013.txt

## Key facts
- Debt Financings
  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
  source text: provide for additional borrowings under the Amended Loan and Security Agreement in the aggregate principal amount of $12,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/742112/000074211224000013/0000742112-24-000013-index.htm
- Governance Changes
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/742112/000074211224000013/0000742112-24-000013-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/742112/000074211224000013/0000742112-24-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.