Inotiv, Inc. (NOTV) Form 8-K — Jun 3, 2026
Inotiv, Inc. filed voluntary petitions for Chapter 11 bankruptcy protection on June 3, 2026, to implement a prepackaged restructuring plan supported by majorities of its first lien lenders, second lien note holders, and unsecured convertible note holders. The restructuring plan contemplates the cancellation and extinguishment of all existing equity interests without any distribution to current shareholders, effectively wiping out the value of the company's common stock. The company will receive a $65.4 million debtor-in-possession (DIP) financing facility to fund operations during the bankruptcy, which will roll into a $150 million exit term loan facility upon emergence.
Key figures
- Roll Up Amount
- 40400000
- Debt Reduction
- 326000000
- New Money Dip Loans
- 25000000
- Dip Facility Amount
- 65400000
- Exit Term Loan Facility
- 150000000
- Post Transaction Enterprise Value
- 350000000
- Warrant Coverage
- 11% of New Equity Interests on a fully diluted basis
- Pi KNotes Equity Recovery
- 21% of 7% of New Equity Interests
- First Lien Equity Recovery
- 93% of New Equity Interests
- Management Incentive Plan
- up to 10% of New Equity Interests on a fully diluted basis
- Unsecured Notes Equity Recovery
- 79% of 7% of New Equity Interests
AI analysis
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