Loan & DebtApr 7, 2026, 06:06 AM
Inotiv Receives Waiver for Minimum Liquidity Covenant Under Credit Agreement
AI Summary
Inotiv, Inc. announced that its lenders granted a waiver for the minimum liquidity covenant under its Credit Agreement for the April 3, 2026 and April 10, 2026 liquidity test dates. This waiver provides Inotiv with temporary relief from meeting the minimum liquidity requirements, potentially avoiding a default under the Credit Agreement.
Key Highlights
- Lenders waived the minimum liquidity covenant for two specific test dates: April 3, 2026 and April 10, 2026.
- The waiver does not amend any other provisions of the Credit Agreement.
- The waiver suggests potential short-term liquidity concerns for Inotiv.
Price Impact
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