Company: NOTV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023370
Chunk: 126

Company: Inotiv, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part II, Item 8
Chunk 126
---
12 84 Second Lien Notes20,485 17,846 Convertible Senior Notes113,124 109,979 Term Loan Facility, DDTL and Incremental Term Loans271,864 272,840 Total debt before unamortized debt issuance costs$408,983 $405,289 Less: Debt issuance costs not amortized(9,443)(11,950)Total debt, net of unamortized debt issuance costs$399,540 $393,339 Less: Current portion(7,146)(3,538)Total Long-term debt$392,394 $389,801 Revolving Credit FacilityAs of March 31, 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 six months ended March 31, 2025. Term Loan Facility, DDTL and Incremental Term LoansBelow are the weighted-average effective interest rates for the loans available under the Credit Agreement:Three Months EndedMarch 31,Six Months EndedMarch 31,2025202420252024Effective interest rates:Term Loan11.52 %11.06 %11.62 %11.30 %Initial DDTL11.51 %11.05 %11.60 %11.29 %Additional DDTL11.63 %11.17 %11.73 %11.42 %Credit Agreement

16

Table of ContentsOn 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 borrowed the full amount of the term loan facility, but did not borrow any amounts on the DDT