Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 184

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 8
Chunk 184
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 client experience. Partially offsetting these capital expenditures were net 

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investing cash inflows of $5,432 related to the proceeds from the sale of property and equipment, which primarily related to the sale of various sites in connection with our site optimization strategy.

Net cash provided by financing activities of $22,083 in the nine months ended June 30, 2025 primarily included net proceeds from the issuance of common shares of $27,524 and borrowings on the revolving credit facility of $20,000, partially offset by payments on the revolving credit facility of $20,000 and payments on senior term notes and delayed draw term loans of $4,254.

Net cash used in financing activities of $4,889 in the nine months ended June 30, 2024 included other net financing payments of $2,816 and principal payments of $2,073 on the senior term notes and delayed draw term loans.

Capital Resources

Long-term debt as of June 30, 2025 and September 30, 2024 is detailed in the table below. 

June 30, 2025September 30, 2024Seller Note – Bolder BioPath (related party)$207 $376 Seller Note – Preclinical Research Services— 464 Seller Payable - Orient BioResource Center3,235 3,700 Seller Note – Histion (related party)— 84 Second Lien Notes21,816 17,846 Convertible Senior Notes114,754 109,979 Term Loan Facility, DDTL and Incremental Term Loans269,167 272,840 Total debt before unamortized debt issuance costs$409,179 $405,289 Less: Debt issuance costs not amortized(12,637)(11,950)Total debt, net of unamortized debt issuance costs$396,542 $393,339 Less: Current portion(6,206)(3,538)Total Long-term debt$390,336 $389,801 

Revolving Credit Facility

As of June 30, 2025 and September 30, 2024, the Company had no outstanding balance on the revolving credit facility. Refer to the condensed consolidated statements of cash flows for information related to borrowings and payments on the revolving credit facility during the nine months ended June 30, 2025. 

Term Loan Facility, DDTL and Incremental Term Loans

Below are the weighted-average effective interest rates