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Inotiv, Inc. Amends Credit Agreement and Secures Additional Liquidity
Sep 16, 2024•almost 2 years ago
Contract Type
agreement
West LafayetteHealthcareDescription
Inotiv, Inc. has amended certain terms of its Credit Agreement and closed the sale of $22.6 million aggregate principal amount of 15% Senior Secured Second Lien PIK Notes due February 2027, along with warrants to purchase common shares, to certain investors in a private offering. The amendment provides financial covenant relief through June 30, 2025, and establishes new financial covenant tests for the fiscal quarters starting June 30, 2025 and thereafter.
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