DefaultJun 1, 2026, 07:41 AM
Inotiv Extends Grace Period for $2.139M Convertible Note Interest Payment
AI Summary
Inotiv, Inc. secured a second extension for the grace period related to a missed interest payment on its 3.25% Convertible Senior Notes due 2027. The company failed to make an approximately $2.139 million interest payment on April 15, 2026. Following consents from noteholders, the grace period was extended from 44 days to a total of 51 days, now through June 5, 2026, to avoid a formal default.
Key Highlights
- Inotiv extended the grace period for a missed interest payment on its 3.25% Convertible Senior Notes due 2027.
- The company failed to make an interest payment of approximately $2.139 million due on April 15, 2026.
- The original 30-day grace period was previously extended to 44 days, through May 29, 2026.
- The Second Supplemental Indenture further extended the grace period to a total of 51 days.
- The new grace period deadline for the interest payment is through and including June 5, 2026.
Price Impact
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