Invacare (NYSE:IVC) announced today that it consummated an additional draw of $5.5 million in term loans under a credit agreement.

The maker of wheelchairs, mobility scootera and more took the additional draw under its credit agreement, with funds managed by Highbridge Capital Management managed the funds. It took place on Dec. 23, 2022.

Elyria, Ohio-based Invacare intends to use the proceeds for general corporate purposes, according to a news release. Invacare also said an additional $14 million in liquidity remains available under its credit agreement with Highbridge. That amount remains subject to satisfaction of certain conditions set forth under the agreement.

“As guided in the 3Q22 earnings release, Europe achieved sequential growth in revenues and profitability driven by improved supply chain circumstances giving us confidence that our transformation program is reaping benefits,” said Invacare President and CEO Geoff Purtill. “Today’s announcement provides us with greater flexibility as we execute against our stated strategy. We are pleased that Highbridge continues to support the company as it moves through its planned transformation.”

Purtill took over as interim president and CEO in August after Invacare fired then-CEO Matthew Monaghan. At the time, Invacare said it planned to execute a search to identify and appoint a permanent CEO.

All this took place amid restructuring efforts by Invacare. In March, the company announced strategic actions around organizational restructuring and supply chain changes in 2022. It projected lower revenues for the year as a result.

In September, Invacare received notice from the New York Stock Exchange (NYSE) that it is not in compliance with certain rules. The average closing price of the company’s common shares came in under $1 per share over a consecutive 30-day trading period. Shares of IVC currently sit at 44¢ apiece. The company may consider alternatives to regain compliance, including a reverse stock split.