The US bankruptcy court gave an order to Invacare corporation, to obtain dip financing on an final basis on March 8, 2023. As per the order, the debtor has been authorized to obtain a Term DIP Facility consisting of up to $35 million of new money term loans and the roll-up of up to $35 million of term loans outstanding under the prepetition term loan credit facility and together with the dip new money term loans and ABL DIP Facility in amount of $17.4 million, comprised of $11.6 million in undrawn commitments with Cantor Fitzgerald Securities and PNC Bank, National Association respectively Acting as the administrative agent and JP Morgan Chase Bank and PNC Bank, National Association as ABL DIP Facility lender. The DIP Term Loans shall bear interest at 15% p.a. The default rate shall be the interest rate plus an additional 2% p.a. The ABL DIP Facility shall bear interest at the rate equal to the sum of the alternate base rate plus 4.25% payable monthly in arrears.

The default rate shall be the interest rate plus an additional 2% p.a. The maturity date with respect to the Term DIP Facility shall be the earliest of May 31, 2023 and The maturity date with respect to the ABL DIP Facility shall be the earliest of May 1, 2023, which, if the ABL DIP Obligations have not been paid in full prior to May 1, 2023, may be extended to May 31, 2023 or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the dip lenders in the form of super-priority administrative expense claims which is subject to a carve-out towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor's collateral. The lender PNC Bank, National Association appointed Michael C. Graziano of Blank Rome LLP as its legal advisor.