Inotiv, Inc. Amends Its Credit Agreement and Secures Additional Liquidity
Inotiv, Inc. (NOTV)
Company Research
Source: GlobeNewswire
WEST LAFAYETTE, Ind., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Inotiv, Inc. (Nasdaq: NOTV) (the “Company” or “Inotiv”), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services and research models and related products and services, has amended certain terms of its Credit Agreement. In addition, Inotiv has closed the sale of $22.6 million aggregate principal amount of 15% Senior Secured Second Lien PIK Notes due February 2027 (the “Second Lien Notes”), and warrants to purchase common shares, to certain investors in a private offering. Robert Leasure Jr., President and Chief Executive Officer, commented, “In order to increase our liquidity and to begin strengthening Inotiv’s balance sheet, the Company has amended its Credit Agreement and has issued $22.6 million in Second Lien Notes for $17.0 million in cash and the cancellation of approximately $8.3 million of our existing convertible senior notes. Among other items, the a
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NOTV
Earnings
- 8/8/24 - Miss
NOTV
Sec Filings
- 10/16/24 - Form EFFECT
- 10/3/24 - Form S-3
- 9/19/24 - Form 8-K
- NOTV's page on the SEC website