Inotiv amends credit agreement, issues $22.6M 15% PIK notes, gets covenant relief through June 2025

Inotiv, Inc.

$22.6M of 15% PIK notes due 2027 issued for $17M cash and $8.3M convertible note cancellation.
Credit agreement amended: financial covenant waiver through June 30, 2025; new tests start Q4 FY2025.
Warrants to purchase 4.146M shares at $1.57/share, exercisable until Sept 2034.
Interest on notes paid in kind (PIK); notes are senior secured second lien, mature Feb 4, 2027.
Structuring agent receives $0.6M additional notes and 200K warrants.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.