Inotiv, Inc. (NOTV) Form 8-K — May 18, 2026
Inotiv, Inc. entered into a Ninth Amendment to its Credit Agreement, establishing a $40 million bridge facility to repay its revolving credit line and fund the evaluation of strategic alternatives. The company borrowed $27.5 million under this new facility, using the proceeds to pay off approximately $14.3 million in outstanding revolver debt and deferred fees. The amendment includes a temporary waiver of a cross-default triggered by the company's failure to make a $2.14 million interest payment on its convertible senior notes.
Key figures
- Debt Amount
- 40000000
- Gross Proceeds
- 27500000
- Revolver repayment
- 14300000
- Consent fee percent
- 2.5
- Executive retention plan total
- 3934000
- Bridge facility pik fee percent
- 1
- Cybersecurity settlement attorney fees
- 275000
Price after filing
Close on the filing date to close N calendar days later (from $0.26). Historical, not a forecast.
AI analysis
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