Inotiv, Inc. (NOTV): debt financing — Inotiv enters $65.5M DIP financing, Nasdaq to delist shares June 11; expects total equity loss

Inotiv, Inc.

DIP facility: $25M new money term loans + $40.5M roll-up of prepetition bridge loans; interest at Adjusted Term SOFR + 11.5%.
Nasdaq notified Inotiv of delisting due to Chapter 11 filing; trading suspended June 11, 2026.
Company states Plan contemplates cancellation of all existing equity interests with no distribution – total loss for shareholders.
DIP liquidity covenant requires minimum $5M average weekly liquidity; 30-day budget variance testing applies.
Upon emergence, expects up to $150M exit term loan facility; DIP loans convert dollar-for-dollar into exit loans.

item 1.01 item 2.03 item 3.01 item 9.01

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Selected #10 for 2026-06-08. Read digest

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Inotiv, Inc. incurred term loan of $65.5 million with Acquiom Agency Services LLC at Adjusted Term SOFR (subject to a floor of 2.5%) plus 11.5% maturing August 4, 2026.

Instrument: term loan
Principal: $65.5 million
Counterparty: Acquiom Agency Services LLC
Rate: Adjusted Term SOFR (subject to a floor of 2.5%) plus 11.5%
Maturity: August 4, 2026
Event: incurrence

Exact text from the filing

On June 5, 2026, (the “Closing Date”), the Company, as borrower, its subsidiary guarantors party thereto (the guarantors, together with the Company, the “Loan Parties”), the lenders party thereto (the “DIP Lenders”), and Acquiom Agency Services LLC, as administrative agent and collateral agent, entered into a Superpriority Secured Debtor-In-Possession Credit Agreement (the “DIP Credit Agreement”), providing for a senior secured superpriority priming term loan debtor-in-possession credit facility in an aggregate principal amount of $65.5 million (the “DIP Facility”, and such loans thereunder the “DIP Loans”).

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Inotiv, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-041667

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