Company: NOTV
Filing Date: 2025-12-05
Form Type: 10-K
Source: 0001628280-25-055483
Chunk: 57

Company: Inotiv, Inc.
Filing Date: 2025-12-05
Form: 10-K
Item: Item 7
Chunk 57
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200,000 Common Shares as compensation for its services as structuring agent. 

In connection with these transactions, $8,333 of the Notes were cancelled by the Company under the terms of the Purchase Agreement on the same date, such that the aggregate principal amount of Notes that remains outstanding is $131,667, which resulted in a gain on extinguishment of $1,860. The gain on extinguishment of debt is presented in Other (expense) income.

53

On August 7, 2024 and September 13, 2024, the Company, the Subsidiary Guarantors and the lenders party thereto entered into a Sixth and Seventh Amendments, respectively, to the Credit Agreement. The Sixth and Seventh Amendments waived the financial covenant tests under the Credit Agreement for the fiscal quarter ended June 30, 2024 through the fiscal quarter ended March 31, 2025. Additionally, the Seventh Amendment permitted the issuance of the Second Lien Notes. Refer below for further information related to these amendments.

On May 14, 2024 and June 2, 2024, the Company, the lenders party thereto, and the Agent, entered into the Fourth and Fifth Amendments, respectively, to the Credit Agreement. Refer below for further information related to those amendments.

Revolving Credit Facility

As of September 30, 2025, the Company had a $3,000 outstanding balance on the revolving credit facility, which remains outstanding as of the date of this report. As of September 30, 2024, the Company had no outstanding balance on the revolving credit facility. Refer to the Consolidated Statements of Cash Flows for information related to borrowings and payments on the revolving credit facility during the twelve months ended September 30, 2025, 2024 and 2023.

Term Loan Facility, DDTL and Incremental Term Loans

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

Twelve Months EndedSeptember 30,202520242023Effective interest rates:Term Loan12.58 %11.39 %10.41 %Initial DDTL12.53 %11.37 %10.41 %Additional DDTL12.68 %11.50 %10.57 %

On November 5, 2026, the Term Loan Facility, DDTL and Incremental Term Loans will mature, any amounts outstanding under the revolving credit facility will be due and payable,