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Liquidity covenant waiver for Inotiv (NASDAQ: NOTV) covers April test dates

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

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.

Positive

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Negative

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Insights

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.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
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
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"

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

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FAQ

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.
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:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-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 classTrading Symbol(s)Name of each exchange
 on which registered
Common SharesNOTVThe 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, 2026By:/s/ Beth A. Taylor
Chief Financial Officer,
Executive Vice President

Source: View Original Filing on SEC EDGAR

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