---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-040852"
form_type: "8-K"
ticker: "NOTV"
cik: "0000720154"
company_name: "Inotiv, Inc."
filed_at: "2024-09-19T23:59:59+00:00"
generated_at: "2026-05-31T03:47:46.148689+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001628280-24-040852
- form_type: 8-K
- ticker: NOTV
- cik: 0000720154
- company_name: Inotiv, Inc.
- filed_at: 2024-09-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720154/000162828024040852/0001628280-24-040852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720154/000162828024040852/notv-20240913.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-040852
- JSON: https://secwatch.observer/filing/0001628280-24-040852.json
- Plain text: https://secwatch.observer/filing/0001628280-24-040852.txt

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