Inotiv gets waiver on minimum liquidity covenant

Inotiv, Inc. reports that its lenders have granted a waiver of the minimum liquidity covenant under its existing Credit Agreement for the May 1, 2026 and May 8, 2026 liquidity test dates.

Rhea-AI Filing Summary

Inotiv, Inc. reports that its lenders have granted a waiver of the minimum liquidity covenant under its existing Credit Agreement for the May 1, 2026 and May 8, 2026 liquidity test dates. The waiver applies only to that covenant for those specific test dates, and all other provisions of the Credit Agreement remain unchanged.

Positive

• None.

Negative

• Lenders waived minimum liquidity covenant tests for May 1 and May 8, 2026, signaling short-term liquidity pressure significant enough to require relief under Inotiv’s Credit Agreement, even though other terms of the facility remain unchanged.

Insights

Credit & capital structure analyst

Lenders waived Inotiv’s minimum liquidity tests for two May 2026 dates.

Inotiv, Inc. obtained a lender waiver of its minimum liquidity covenant for liquidity tests on May 1, 2026 and May 8, 2026 under its existing Credit Agreement. This indicates the company would not meet, or risked not meeting, that specific requirement on those dates.

The waiver is narrowly tailored to the minimum liquidity covenant and limited to the two stated test dates, while leaving all other Credit Agreement terms in place. This suggests lenders are cooperating in the near term but maintaining the broader financing framework.

For investors, the key takeaway is that Inotiv relied on lender flexibility around short-term liquidity testing, while the underlying debt structure stays intact. Future disclosures in company filings may clarify longer-term liquidity trends and any additional covenant interactions with lenders.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Waiver dates: May 1, 2026 and May 8, 2026 Credit Agreement date: November 5, 2021

2 metrics

Waiver dates May 1, 2026 and May 8, 2026 Liquidity test dates covered by minimum liquidity covenant waiver

Credit Agreement date November 5, 2021 Original date of Inotiv’s Credit Agreement referenced in waiver

Key Terms

minimum liquidity covenant, Credit Agreement, liquidity test date, waiver

4 terms

minimum liquidity covenant financial

"granted a waiver of the minimum liquidity covenant under the Credit Agreement"

A minimum liquidity covenant is a clause in a loan or bond agreement that requires the borrower to keep a certain amount of cash or easily sold assets on hand, like an agreed emergency fund. It matters to investors because it protects lenders and other creditors by reducing the chance of missed payments; falling below the required level can trigger penalties, default, or demands for extra collateral, which can affect a company’s borrowing costs and equity value.

Credit Agreement financial

"the Credit Agreement, dated as of November 5, 2021, among Inotiv, Inc."

A credit agreement is a written loan contract between a borrower and a bank or other lender that lays out how much money can be borrowed, the interest rate, repayment schedule, fees, and the rules the borrower must follow. For investors, it matters because those terms affect a company’s cash costs, borrowing flexibility and risk of default — similar to how a mortgage’s rules determine a homeowner’s monthly budget and freedom to make changes.

liquidity test date financial

"for the May 1, 2026 liquidity test date and the May 8, 2026 liquidity test date"

waiver financial

"the lenders ... granted a waiver of the minimum liquidity covenant"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Inotiv, Inc. (NOTV) announce about its Credit Agreement?

Inotiv disclosed that its lenders granted a waiver of the minimum liquidity covenant for the May 1, 2026 and May 8, 2026 liquidity test dates under its existing Credit Agreement, while leaving all other provisions of that agreement unchanged.

Which covenant was waived for Inotiv, Inc. (NOTV) and for when?

Lenders waived the minimum liquidity covenant under Inotiv’s Credit Agreement solely for the May 1, 2026 and May 8, 2026 liquidity test dates. The waiver is explicitly limited to that covenant and those two testing dates only.

Did the waiver change other terms of Inotiv (NOTV)’s Credit Agreement?

No, the waiver did not amend other terms. Inotiv stated that the waiver was limited to the minimum liquidity covenant for the specified May 2026 test dates, and that none of the other provisions of the Credit Agreement were changed by this action.

Why is a minimum liquidity covenant waiver important for Inotiv (NOTV)?

A minimum liquidity covenant waiver means lenders temporarily excused Inotiv from satisfying a specific liquidity requirement on two test dates. This can indicate short-term liquidity strain, but also shows lenders’ willingness to cooperate without altering the broader Credit Agreement terms.

Who are the parties to Inotiv (NOTV)’s Credit Agreement mentioned in the filing?

The Credit Agreement, dated November 5, 2021, is among Inotiv, Inc., certain of its subsidiaries, and the lenders party to that agreement. These lenders granted the limited waiver of the minimum liquidity covenant for the May 1, 2026 and May 8, 2026 liquidity test dates.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 08:41 PM EDT Learn about SEC filing dates

0000720154FALSE00007201542026-05-042026-05-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 4, 2026

INOTIV, INC.

(Exact name of registrant as specified in its charter)

Indiana

0-23357

35-1345024

(State or other jurisdiction of  incorporation)

(Commission File Number)

(IRS Employer Identification No.)

2701 KENT AVENUE WEST LAFAYETTE,INDIANA						47906-1382
(Address of principal executive offices)						(Zip Code)

Registrant's telephone number, including area code: (765) 463-4527

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange  on which registered

Common Shares

NOTV

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01. Other Events.

On May 4, 2026, the lenders under the Credit Agreement, dated as of November 5, 2021, among Inotiv, Inc., certain of its subsidiaries and the lenders party thereto (as amended, the “Credit Agreement”) granted a waiver of the minimum liquidity covenant under the Credit Agreement for the May 1, 2026 liquidity test date and the May 8, 2026 liquidity test date. The waiver was limited to such liquidity covenant for the indicated test dates, and none of the provisions of the Credit Agreement were amended thereby.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

						INOTIV, INC.
Date:			May 4, 2026			By:			/s/ Beth A. Taylor
									Chief Financial Officer,
									Executive Vice President

Filing Exhibits & Attachments

3 documents

Other Documents

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• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB