{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-069950","form_type":"8-K","ticker":"NOTV","cik":"0000720154","company_name":"Inotiv, Inc.","filed_at":"2026-06-03T14:09:58+00:00","discovered_at":"2026-06-03T14:11:00.324563+00:00","generated_at":"2026-06-03T14:11:16.903187+00:00","sec_items":["1.01","1.03","2.04","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Inotiv files prepackaged Chapter 11; to cut debt by $326M, cancel existing equity","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-069950","json":"https://secwatch.observer/filing/0001104659-26-069950.json","markdown":"https://secwatch.observer/filing/0001104659-26-069950.md","text":"https://secwatch.observer/filing/0001104659-26-069950.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/tm2616729d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T14:11:16.903187+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19b1805b181ec06cdda49fd1e42b6ee403dfc0c1","claim":"Inotiv, Inc. incurred term loan of up to $150 million.","evidence_excerpt":"a senior secured first lien exit term loan facility (the “Exit Term Loan Facility”) in an aggregate principal amount of up to $150 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $150 million"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1a79a98d8b4d588c1e9c518950729b47ee2040c4","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$65.4 million"},{"label":"Counterparty","value":"Consenting First Lien Lenders"},{"label":"Rate","value":"SOFR plus 9.00% or Alternate Base Rate plus 8.00%"},{"label":"Maturity","value":"90 days following the Petition Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"701392e09445ff4141a3b5cbe4b2a3a742f381c2","claim":"Inotiv, Inc. faced acceleration on senior notes with U.S. Bank Trust Company, National Association at 15.00% maturing 2027.","evidence_excerpt":"nd U.S. Bank Trust Company, National Association, as trustee (the “Prepetition Convertible Unsecured Notes Indenture,” and","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"15.00%"},{"label":"Maturity","value":"2027"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"c08926b88e6ee0996df884bdcc9d32263fd591e3","claim":"Inotiv, Inc. faced acceleration on credit facility with Acquiom Agency Services LLC.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Acquiom Agency Services LLC"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"ded268e0477bfbad65780e04bee233a9b85e975c","claim":"Inotiv, Inc. faced acceleration on convertible notes with U.S. Bank Trust Company, National Association at 3.25% maturing 2027.","evidence_excerpt":"nd U.S. Bank Trust Company, National Association, as trustee (the “Prepetition Convertible Unsecured Notes Indenture,” and","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"3.25%"},{"label":"Maturity","value":"2027"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"6c69aa632f0242c861e43f04cbec11dc2ab48787","claim":"Inotiv, Inc. entered chapter 11 in U.S. Bankruptcy Court for the Southern District of Texas (petition 2026-06-03).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm","confidence":0.99,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"U.S. Bankruptcy Court for the Southern District of Texas"},{"label":"Petition","value":"2026-06-03"}],"fact_type":"distress_event"},{"claim_id":"369f147f37a0abfbf1f08bd99c8ff1d5cdf9997e","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm","confidence":0.4,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Consenting Stakeholders (Consenting First Lien Lenders, Consenting PIK Noteholders, Consenting Unsecured Convertible Noteholders)"},{"label":"Effective","value":"2026-06-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}