StockWatch
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Biotechnology: Commercial Physical & Biological Resarch
RestructuringJul 29, 2026, 09:32 AM

Inotiv Emerges from Chapter 11, Reduces Debt by $326M

AI Summary

Inotiv, Inc. announced its successful emergence from Chapter 11 bankruptcy on July 19, 2026, following the confirmation of its Plan of Reorganization by the Bankruptcy Court. The restructuring process significantly strengthened the company's capital structure by reducing debt by approximately $326 million. As part of the plan, Inotiv secured $180 million in new senior-secured credit facilities and issued 630,337 new warrants to former noteholders, exercisable at $40.20 per unit.

Key Highlights

  • Inotiv emerged from Chapter 11 bankruptcy on July 19, 2026.
  • The company reduced its debt by approximately $326 million.
  • Secured $180 million in new senior-secured credit facilities.
  • Issued an aggregate of 630,337 new warrants to former noteholders.
  • Each new warrant is exercisable at $40.20 per unit of new equity interests.