Inotiv gets short-term waiver on liquidity covenant

Inotiv, Inc. reports that its lenders have granted a waiver of the minimum liquidity covenant under its existing Credit Agreement.

Rhea-AI Filing Summary

Inotiv, Inc. reports that its lenders have granted a waiver of the minimum liquidity covenant under its existing Credit Agreement. The waiver applies specifically to the liquidity test dates of April 17, 2026 and April 24, 2026. The company states that the waiver is limited to this covenant for those two test dates, and confirms that no other provisions of the Credit Agreement were amended.

Insights

Credit & capital structure analyst

Lenders granted Inotiv a narrow, time-limited waiver of its liquidity covenant.

The disclosure shows that Inotiv, Inc. obtained a waiver of the minimum liquidity covenant in its Credit Agreement for the April 17, 2026 and April 24, 2026 liquidity test dates. This type of waiver usually indicates that the company was at risk of not meeting the required liquidity threshold at those checkpoints.

The waiver is explicitly limited: it covers only the minimum liquidity covenant and only for the two specified test dates, and it does not modify any other provisions of the Credit Agreement. Investors may treat this as a signal that lenders remain supportive in the near term, while recognizing that underlying liquidity pressures may persist once regular covenant testing resumes.

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

Liquidity covenant test date: April 17, 2026 Liquidity covenant test date: April 24, 2026 Credit Agreement date: November 5, 2021

3 metrics

Liquidity covenant test date April 17, 2026 Minimum liquidity covenant waived for this test date

Liquidity covenant test date April 24, 2026 Minimum liquidity covenant waived for this test date

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

Key Terms

Credit Agreement, minimum liquidity covenant, liquidity test date

3 terms

Credit Agreement financial

"the lenders under the Credit Agreement, dated as of November 5, 2021"

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.

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.

liquidity test date financial

"for the April 17, 2026 liquidity test date and the April 24, 2026 liquidity test date"

FAQ

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

What did Inotiv (NOTV) announce regarding its credit agreement?

Inotiv announced that its lenders granted a waiver of the minimum liquidity covenant in its Credit Agreement. The waiver applies only to specific April 2026 liquidity test dates and does not change any other terms of the Credit Agreement, keeping the overall facility otherwise intact.

Which covenant was waived for Inotiv (NOTV) and for what period?

Lenders waived Inotiv’s minimum liquidity covenant under its Credit Agreement. The waiver is narrowly focused on the liquidity test dates of April 17, 2026 and April 24, 2026, providing short-term relief without altering other contractual provisions or longer-term covenant requirements.

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

No, the waiver does not change other terms. Inotiv states that the waiver is limited solely to the minimum liquidity covenant for the two April 2026 test dates, and that none of the other provisions of the Credit Agreement were amended or modified by this lender action.

What is the significance of the April 17 and April 24, 2026 liquidity test dates for Inotiv (NOTV)?

These dates are scheduled covenant test dates when Inotiv’s minimum liquidity under the Credit Agreement is measured. Lenders granted a waiver for that specific covenant on April 17 and April 24, 2026, indicating targeted accommodation around those particular testing points rather than a broad covenant reset.

Who signed the disclosure about the liquidity covenant waiver for Inotiv (NOTV)?

The disclosure was signed on behalf of Inotiv by Beth A. Taylor, the company’s Chief Financial Officer and Executive Vice President. This indicates the information about the minimum liquidity covenant waiver and its limited scope comes from a senior financial executive of the company.

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

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Accepted by SEC EDGAR 04/20/2026 - 07:55 PM EDT Learn about SEC filing dates

0000720154FALSE00007201542026-04-202026-04-20

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): April 20, 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 April 20, 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 April 17, 2026 liquidity test date and the April 24, 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:			April 20, 2026			By:			/s/ Beth A. Taylor
									Chief Financial Officer,
									Executive Vice President

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB