Invacare Corp. (NYSE:IVC) is offering to buy back $146 million worth of senior notes that come due in 2015 in a continuing effort to reduce its load of high-cost debt.
The Elyria, Ohio-based home healthcare products issued $175 million worth of the notes, which pay 9.75 percent interest each year, in early 2007 as part of a $710 million debt refinancing.