Item 1.01. Entry into a Material Definitive Agreement. OnJanuary 15, 2021 ,Invacare Corporation (the "Company") entered into an Eighth Amendment to Amended and Restated Revolving Credit and Security Agreement (the "Credit Agreement Amendment"), by and among the Company, certain of the Company's direct and indirect domestic, Canadian and European subsidiaries, the lenders party thereto,PNC Bank, National Association , as the agent for the lenders, andJ.P. Morgan Europe Limited , as the European agent for the lenders, which amends the Amended and Restated Revolving Credit and Security Agreement, dated as ofSeptember 30, 2015 and amended as ofFebruary 16, 2016 ,May 3, 2016 ,September 30, 2016 ,November 30, 2016 ,June 7, 2017 ,November 13, 2019 andMay 29, 2020 (as so amended, the "Credit Agreement"). The Credit Agreement Amendment provides for, among other things: •the addition of the Company'sNetherlands subsidiary as a guarantor under the European revolving credit facility; •amendments to the restrictive covenants in the Credit Agreement to (1) increase the maximum amount of permitted miscellaneous indebtedness to$30,000,000 from$10,000,000 and (2) permit up to$9,000,000 of financing based on certain European public and government receivables; and •terms that, upon the occurrence of certain events related to a transition from the use of LIBOR, permit the agent for the lenders to amend the Credit Agreement to replace the LIBOR rate and/or the Euro rate with a benchmark replacement rate. The foregoing description of the Credit Agreement Amendment is a summary and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated by reference into this Item 1.01.
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Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 10.1 Eighth Amendment to Amended and Restated Revolving Credit and Security Agreement, dated as ofJanuary 15, 2021 , by and among the Company, the other borrowers party thereto, the guarantors party thereto, the lenders party thereto,PNC Bank, National Association , as agent for the lenders, andJ.P. Morgan Europe Limited , as European agent for the lenders. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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