--- 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" generated_at: "2026-06-03T14:11:16.903187+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Inotiv files prepackaged Chapter 11; to cut debt by $326M, cancel existing equity ## Summary - 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. ## SEC filing metadata - 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 - event_type: other_material - sentiment: negative - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 1.03, 2.04, 7.01, 8.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-26-069950 - JSON: https://secwatch.observer/filing/0001104659-26-069950.json - Plain text: https://secwatch.observer/filing/0001104659-26-069950.txt ## Key facts - Debt Financings Inotiv, Inc. incurred term loan of up to $150 million. - Instrument: term loan - Principal: up to $150 million - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm - Debt Financings 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm - Debt Financings 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 source text: nd U.S. Bank Trust Company, National Association, as trustee (the “Prepetition Convertible Unsecured Notes Indenture,” and evidence_url: https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm - Debt Financings Inotiv, Inc. faced acceleration on credit facility with Acquiom Agency Services LLC. - Instrument: credit facility - Counterparty: Acquiom Agency Services LLC - Event: acceleration source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm - Debt Financings 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 source text: nd U.S. Bank Trust Company, National Association, as trustee (the “Prepetition Convertible Unsecured Notes Indenture,” and evidence_url: https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm - Distress & Bankruptcy 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm - Material Agreements 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000110465926069950/0001104659-26-069950-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.