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Inotiv (NASDAQ: NOTV) granted short-term waiver of minimum liquidity covenant

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 only to the liquidity test dates of April 3, 2026 and April 10, 2026. The company states that no other provisions of the Credit Agreement were amended by this limited waiver.

Positive

  • None.

Negative

  • Minimum liquidity covenant waiver suggests pressure: Lenders granted only a limited waiver of the minimum liquidity covenant for the April 3 and April 10, 2026 test dates, indicating the company faced difficulty meeting that requirement and highlighting elevated liquidity and financing risk.

Insights

Lenders granted a narrow liquidity covenant waiver, signaling elevated financing risk.

Lenders under Inotiv’s existing Credit Agreement granted a waiver of the minimum liquidity covenant for only two specific liquidity test dates, April 3 and April 10, 2026. This implies the company was at risk of not meeting that requirement on those dates.

Because the waiver is explicitly limited to those tests and does not amend any other Credit Agreement terms, the overall covenant framework remains intact. Future compliance will still be measured under the original agreement, so recurring waivers or later amendments would matter for assessing ongoing financial flexibility.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
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.
minimum liquidity covenant financial
"granted a waiver of the minimum liquidity covenant under the Credit Agreement"
liquidity test date financial
"for the April 3, 2026 liquidity test date and the April 10, 2026 liquidity test date"
Understanding 8-K Material Events →
0000720154FALSE00007201542026-04-062026-04-06

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 6, 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 6, 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 3, 2026 liquidity test date and the April 10, 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 6, 2026By:/s/ Beth A. Taylor
Chief Financial Officer,
Executive Vice President

Source: View Original Filing on SEC EDGAR

FAQ

What did Inotiv, Inc. (NOTV) disclose in its latest 8-K filing?

Inotiv, Inc. disclosed that lenders under its Credit Agreement granted a waiver of the minimum liquidity covenant. The waiver applies only to the liquidity test dates of April 3, 2026 and April 10, 2026 and does not amend other provisions.

Which covenant under Inotiv’s Credit Agreement was waived?

Lenders granted a waiver of the minimum liquidity covenant under Inotiv’s Credit Agreement. This waiver was narrowly tailored and applied only to the April 3, 2026 and April 10, 2026 liquidity test dates specified in the disclosure.

Does the covenant waiver change other terms of Inotiv’s Credit Agreement?

No, the company states that none of the other provisions of the Credit Agreement were amended. The waiver is described as limited solely to the minimum liquidity covenant for the April 3, 2026 and April 10, 2026 liquidity test dates.

For which dates did Inotiv receive a minimum liquidity covenant waiver?

Inotiv received a waiver of its minimum liquidity covenant for the April 3, 2026 liquidity test date and the April 10, 2026 liquidity test date. The disclosure emphasizes that the waiver is restricted to these specific dates only.

Who are the parties to Inotiv’s Credit Agreement referenced in the waiver?

The Credit Agreement is among Inotiv, Inc., certain of its subsidiaries, and the lenders party to the agreement. It was originally dated November 5, 2021 and has been amended, with the recent waiver focused on the minimum liquidity covenant for two liquidity test dates.

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