Inotiv exits Chapter 11 with $180M in fresh financing and a complete equity wipeout

summarizeSummary

Inotiv emerged from Chapter 11 on July 19, 2026, cancelling all existing common stock. The reorganized company, Inotiv Parent, LLC, is now privately held, with new equity and $180 million in exit loans.

check_boxKey Events · Financing and Capital Events · NOTV

• Chapter 11 Emergence

  The Plan became effective on July 19, 2026, with Inotiv Parent, LLC emerging as the successor entity. All existing common stock of Inotiv, Inc. was cancelled, and holders received no distribution.

• New Capital Structure

  A total of 5,100,000 new equity interests were issued—93% to prepetition first lien lenders and 7% to noteholders. Additionally, 630,337 warrants were granted to noteholders, exercisable at $40.20 per unit.

• Exit Financing

  The company entered into a $180 million senior secured credit facility, comprising a fully drawn $150 million term loan and a $30 million delayed draw term loan, maturing on July 19, 2031.

• Auditor Resignation

  Ernst & Young LLP resigned as the independent auditor effective July 19, 2026. Prior reports had included a going concern explanatory paragraph and noted material weaknesses in internal controls.

auto_awesomeAnalysis · NOTV · Industrial Applications And Services

The prepackaged Chapter 11 restructuring is now complete, marking a full reset of Inotiv's capital structure. Existing common shares have been cancelled with no recovery, rendering them worthless. A newly formed private entity, Inotiv Parent, LLC, has issued 5.1 million equity units to former lenders and noteholders, while also securing $180 million in exit financing and distributing 630,337 warrants with a $40.20 strike price. In conjunction with the emergence, the company's auditor resigned and the board was entirely replaced.