8-K
filed June 3, 2026, 10:09 AM ET
ticker NOTV
CIK 0000720154
other material
confidence high
sentiment negative
materiality 0.85
Inotiv, Inc. (NOTV): going-concern / distress — Inotiv files prepackaged Chapter 11; to cut debt by $326M, cancel existing equity
Inotiv, Inc.
- Debt reduction of approx. $326M through conversion of funded debt into reorganized company equity.
- DIP financing of $65.4M ($25M new money + $40.4M roll-up) to fund operations during Chapter 11.
- Existing common equity to be cancelled without any distribution – holders will receive nothing.
- Plan supported by substantial majorities of first lien, PIK note, and convertible note holders; prepackaged solicitation completed.
- Emergence expected within 50 days as a private company; normal operations continue with vendor/employee payments.
Featured in Daily 8-K Digest
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Inotiv, Inc. incurred term loan of up to $150 million.
- Instrument
- term loan
- Principal
- up to $150 million
- Event
- incurrence
Exact text from the filing
a senior secured first lien exit term loan facility (the “Exit Term Loan Facility”) in an aggregate principal amount of up to $150 million
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Inotiv, Inc. incurred term loan of $65.4 million with Consenting First Lien Lenders at SOFR plus 9.00% or Alternate Base Rate plus 8.00% maturing 90 days following the Petition Date.
- Instrument
- term loan
- Principal
- $65.4 million
- Counterparty
- Consenting First Lien Lenders
- Rate
- SOFR plus 9.00% or Alternate Base Rate plus 8.00%
- Maturity
- 90 days following the Petition Date
- Event
- incurrence
Exact text from the filing
the Consenting First Lien Lenders will provide the Company with a debtor-in-possession financing facility in an aggregate amount of $65.4 million (the “DIP Facility"), consisting of (a) $25 million in new money senior secured superpriority term loans, and (b) a $40.4 million roll-up of outstanding delayed draw term loans under the Company’s prepetition bridge facility.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Inotiv, Inc. faced acceleration on senior notes with U.S. Bank Trust Company, National Association at 15.00% maturing 2027.
- Instrument
- senior notes
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 15.00%
- Maturity
- 2027
- Event
- acceleration
Exact text from the filing
nd U.S. Bank Trust Company, National Association, as trustee (the “Prepetition Convertible Unsecured Notes Indenture,” and
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Inotiv, Inc. faced acceleration on credit facility with Acquiom Agency Services LLC.
- Instrument
- credit facility
- Counterparty
- Acquiom Agency Services LLC
- Event
- acceleration
Exact text from the filing
he Company, as borrower, the guarantors and lenders party thereto, and Acquiom Agency Services LLC, as successor administrative agent and collateral agent (as amended, the “Prepetition First Lien Credit Agreement,” and such lenders, advisors, or managers who
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Inotiv, Inc. faced acceleration on convertible notes with U.S. Bank Trust Company, National Association at 3.25% maturing 2027.
- Instrument
- convertible notes
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 3.25%
- Maturity
- 2027
- Event
- acceleration
Exact text from the filing
nd U.S. Bank Trust Company, National Association, as trustee (the “Prepetition Convertible Unsecured Notes Indenture,” and
View on SEC.gov
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.99
Inotiv, Inc. entered chapter 11 in U.S. Bankruptcy Court for the Southern District of Texas (petition 2026-06-03).
- Proceeding
- chapter 11
- Court
- U.S. Bankruptcy Court for the Southern District of Texas
- Petition
- 2026-06-03
Exact text from the filing
On June 3, 2026 (i.e., the Petition Date), the Company Parties filed voluntary petitions to commence the Chapter 11 Cases in the Bankruptcy Court to implement the Plan effectuating the Restructuring in accordance with the Restructuring Support Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.4
Inotiv, Inc. entered into Restructuring Support Agreement with Consenting Stakeholders (Consenting First Lien Lenders, Consenting PIK Noteholders, Consenting Unsecured Convertible Noteholders) (effective 2026-06-02).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Consenting Stakeholders (Consenting First Lien Lenders, Consenting PIK Noteholders, Consenting Unsecured Convertible Noteholders)
- Effective
- 2026-06-02
Exact text from the filing
On June 2 2026, the Company entered into a Restructuring Support Agreement (together with all exhibits and schedules thereto, the “Restructuring Support Agreement”) with: · certain lenders, or investment advisors, or holders of claims pursuant to the Company’s obligations under that certain credit agreement, dated as of November 5, 2021
View on SEC.gov
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