---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-109709"
form_type: "8-K"
ticker: "NOTV"
cik: "0000720154"
company_name: "Inotiv, Inc."
filed_at: "2022-10-18T23:59:59+00:00"
generated_at: "2026-06-23T03:08:16.186627+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Inotiv borrows full $35M delayed draw term loan at initial rate of 9.75%

## Summary
- Borrowed entire $35.0M delayed draw term loan under existing credit agreement.
- Interest rate: LIBOR + 6.00-6.50% margin; initial rate 9.75% (LIBOR 3.50% + 6.25%).
- Required annual principal payment of 1% of original amount; maturity Nov 5, 2026.
- Financial covenants: max Secured Leverage Ratio 4.25x stepping down to 3.00x by Mar 2025; min Fixed Charge Coverage 1.00x (first year) then 1.10x.
- Loan secured by all assets of company and subsidiaries; guaranteed by subsidiary guarantors.

## SEC filing metadata
- accession: 0001104659-22-109709
- form_type: 8-K
- ticker: NOTV
- cik: 0000720154
- company_name: Inotiv, Inc.
- filed_at: 2022-10-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720154/000110465922109709/0001104659-22-109709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720154/000110465922109709/tm2228406d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-109709
- JSON: https://secwatch.observer/filing/0001104659-22-109709.json
- Plain text: https://secwatch.observer/filing/0001104659-22-109709.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.