Invacare Corporation (NYSE: IVC) (the “Company”) today announced the expected repurchase of all of the Company’s $13,350,000 outstanding 4.125% Convertible Senior Subordinated Debentures due 2027 (CUSIP No. 461203 AD3) issued February 12, 2007 (the “Debentures”). The repurchase will be made with available cash on hand. The repurchase is being made pursuant to the terms of the Debentures which require the Company to purchase all of the Debentures validly tendered (the “Put Option”) at a price equal to 100% of the principal amount of the Debentures on February 1, 2017 (the “Repurchase Date”). The Put Option expired at 5:00 p.m. Eastern Time, on January 30, 2017 (the “Expiration Date”).

As of the Expiration Date, Debentures in an aggregate principal amount of $13,350,000 were validly surrendered and not validly withdrawn pursuant to the Put Option. The Company will accept for purchase all such Debentures on the Repurchase Date. The Company expects that the settlement date for the Put Option will be February 2, 2017.

The aggregate purchase price for all Debentures validly tendered for purchase pursuant to the Put Option as of the Expiration Date is $13,350,000. The Repurchase Date is an interest payment date under the terms of the Debentures. Accordingly, the purchase price for Debentures surrendered for repurchase pursuant to the Put Option will not include accrued and unpaid interest. Pursuant to the indenture, the Company will pay, on the interest payment date, accrued and unpaid interest on all of the Debentures through January 31, 2017, to all holders who were holders of record on January 15, 2017, regardless of whether the Debentures were surrendered pursuant to the Put Option.

Wells Fargo Bank, N.A. is acting as the trustee and paying agent for the Debentures. Additional information relating to the procedure for the surrender of the Debentures may be obtained from Wells Fargo Bank, N.A. at the following address:

Wells Fargo Bank, N.A.
Corporate Trust Operations
MAC N9300-070
600 South Fourth Street
Minneapolis, MN 55402
Facsimile: (612) 667-6282
Telephone: (800) 344-5128

About Invacare Corporation

Invacare Corporation (NYSE:IVC), headquartered in Elyria, Ohio, is a global leader in the manufacture and distribution of innovative home and long-term care medical products that promote recovery and active lifestyles. The Company has 4,600 associates and markets its products in approximately 100 countries around the world. For more information about the company and its products, visit Invacare’s website at www.invacare.com.