debt
confidence high
sentiment negative
materiality 0.85
Inotiv extends grace period on missed $2.139M interest payment on 3.25% Convertible Notes to June 5, 2026
Inotiv, Inc.
- Company failed to make $2.139M interest payment on 3.25% Convertible Senior Notes due 2027 on April 15, 2026.
- Second Supplemental Indenture extends grace period from 44 days to 51 days, now through June 5, 2026.
- Amendment approved by holders of majority principal amount of outstanding Convertible Notes.
- First grace period extension to May 29 was done on May 15; this second extension indicates ongoing liquidity pressure.