Company: NOTV
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004178
Chunk: 149

Company: Inotiv, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part II, Item 8
Chunk 149
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2024September 30, 2024Seller Note – Bolder BioPath (Related party)$320 $376 Seller Note – Preclinical Research Services— 464 Seller Payable - Orient BioResource Center3,235 3,700 Seller Note – Histion (Related party)48 84 Second Lien Notes19,221 17,846 Convertible Senior Notes111,551 109,979 Term Loan Facility, DDTL and Incremental Term Loans272,327 272,840 Total debt before unamortized debt issuance costs$406,702 $405,289 Less: Debt issuance costs not amortized(10,687)(11,950)Total debt, net of unamortized debt issuance costs$396,015 $393,339 Less: Current portion(3,037)(3,538)Total Long-term debt$392,978 $389,801 

Revolving Credit Facility

As of December 31, 2024 and September 30, 2024, the Company had no outstanding balance on the revolving credit facility. Refer to the statements of cash flows for information related to borrowings and payments on the revolving credit facility during the three months ended December 31, 2024. 

Term Loan Facility, DDTL and Incremental Term Loans

Below are the weighted-average effective interest rates for the loans available under the Credit Agreement:

Three Months EndedDecember 31,20242023Effective interest rates:Term Loan11.71 %11.53 %Initial DDTL11.69 %11.51 %Additional DDTL11.82 %11.64 %

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Credit Agreement

On November 5, 2021, the Company, certain subsidiaries of the Company (the “Subsidiary Guarantors”), the lenders party thereto, and an administrative agent (the "Agent"), entered into the Credit Agreement. The Credit Agreement provides for a term loan facility (the "Term Loan") in the original principal amount of $165,000, a delayed draw term loan facility in the original principal amount of $35,000 (available to be drawn up to 18 months from the date of the Credit Agreement) (the “Initial DDTL” and together with the Additional DDTL, the “DDTL”) and a revolving credit facility in the original principal amount of $15,000. On November 5, 2021, the Company