On January 16, 2015, Invacare Corporation entered into a revolving credit and security agreement, which provides for an asset-based lending senior secured revolving credit facility which matures in January 2018. The New Credit Agreement was entered into by and among the Company, certain of the company's direct and indirect domestic and Canadian subsidiaries, certain other of the Company's direct and indirect domestic and Canadian subsidiaries, and PNC Bank, National Association, JPMorgan Chase Bank, N.A., KeyBank National Association, and Citizens Bank, National Association. The New Credit Agreement provides the Company and the other Borrowers with the ability to borrow up to an aggregate principal amount of $100 million under a senior secured revolving credit, letter of credit and swing line loan facility.