Loan & DebtMay 5, 2026, 06:09 AM
Inotiv Lenders Waive Minimum Liquidity Covenant for May Test Dates
AI Summary
Inotiv, Inc. announced that its lenders under the Credit Agreement, dated November 5, 2021, granted a waiver of the minimum liquidity covenant. This waiver specifically covers the liquidity test dates of May 1, 2026, and May 8, 2026. The company noted that the waiver was limited to this particular covenant and these dates, with no other provisions of the Credit Agreement being amended.
Key Highlights
- Lenders granted a waiver for Inotiv's minimum liquidity covenant.
- The waiver applies to the liquidity test dates of May 1, 2026, and May 8, 2026.
- The waiver was limited to the specified liquidity covenant and dates.
- No other provisions of the Credit Agreement were amended by the waiver.
- The Credit Agreement was originally dated November 5, 2021.
Price Impact
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