Invacare Corporation, filed a joint plan of reorganization in the US Bankruptcy Court on February 2, 2023. As per the plan filed, General Administrative Claims, Professional Claims, DIP Claims, Priority Tax Claims, Other Priority Claims, Other Secured Claims and U.S. Trustee Fees shall be paid full in cash before the effective date. Term Loan Claims, and Secured Notes Claims shall receive on the Effective Date (i) with respect to Allowed Term Loan Claims representing principal amounts owed, its Pro Rata share of the Exit Term Loan Facility and (ii) with respect to all other Allowed Term Loan Claims, payment in full in Cash.

Unsecured Notes Claims and General Unsecured Claims shall receive, in full and final satisfaction, settlement, release and discharge of and in exchange for each Allowed Unsecured Notes Claim, its Pro Rata share of the Unsecured Noteholder Rights, in accordance with the Rights Offering Procedures; and with respect to any Residual Unsecured Notes Claims, its share of 100% of the New Common Equity. Intercompany Claims, and Intercompany Interests shall be Reinstated. Existing Equity Interests, and Section 510(b) Claims shall be Cancelled.

The plan shall be funded through the issuance of the New Preferred Equity; the issuance of the New Common Equity; the proceeds of the Rights Offering; the issuance of or borrowings under the Exit Facilities; and Cash on hand. Invacare Corporation, filed a modified plan of reorganization and related disclosure statement in the US Bankruptcy Court on February 14, 2023. As per the plan, term loan claims of $57.75 million, secured notes claims of $42.26 million, unsecured notes claims of $222.95 million, general unsecured claims of $55 million shall be paid on pro rata basis.

Intercompany claims of $70 million will be reinstated. Other priority claims and section 510(b) claims have no claim amount. There is no more change in the treatment of any other claim class.

Invacare Corporation, filed a modified disclosure statement in the US Bankruptcy Court on March 15, 2023. The disclosure statement filed is related to the plan of reorganization filed by the debtor on February 14, 2023. As per the disclosure statement filed, other secured claims are of $2 million, other priority claims are of $0 and Section 510(b) Claims are of $0.