IVC - Invacare drops 7% on $100M convertible senior notes proposed offering

Invacare (IVC) to offer $100M aggregate principal amount of convertible senior notes due 2026.Company expects to grant the initial purchaser an option to purchase up to an additional $15M aggregate principal amount of notes.Portion of the net proceeds to pay the cost of the capped call transactions, company also intends to use the proceeds to repurchase or repay a portion of its outstanding 4.50% convertible senior notes due 2022.Shares -7% after hoursPress Release

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Invacare drops 7% on $100M convertible senior notes proposed offering