Mergers & Acquisitions ·
Inotiv Parent, LLC emerged from Chapter 11 bankruptcy on July 19, 2026, following court confirmation of its…
NOTVInotiv, Inc.
Inotiv Parent, LLC emerged from Chapter 11 bankruptcy on July 19, 2026, following court confirmation of its prepackaged plan. The reorganization involved the cancellation of all existing common shares and equity interests, with no value retained by prior shareholders. New equity was issued to creditors: Prepetition First Lien Lenders received 93% of new units, while PIK Note and Convertible Note holders received approximately 7%. The company established a $180 million senior-secured Exit Credit Agreement, consisting of a $150 million term loan and $30 million in delayed draw commitments. Additionally, 630,337 warrants were issued to creditors with a $40.20 exercise price. The board was reconstituted with five managers, including CEO Robert W. Leasure Jr., while several directors and officers resigned. Inotiv operates in the life sciences industry, providing laboratory services.