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- Debt Default (new) — Company missed required $2.1M interest payment and has extended grace period twice to avoid formal default.
Inotiv extends grace period on $2.1M missed debt payment for second time, now due June 5
Filed June 1, 2026 · Period ending May 28, 2026 · ~1 min read
Key Changes
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Company failed to pay $2.1M interest on convertible notes due April 15, has now extended grace period twice (first to May 29, now to June 5) to avoid formal default on its 3.25% Convertible Senior Notes due 2027.
Item 1.01 verify on EDGAR → -
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Second extension required consent from majority noteholders, signaling ongoing liquidity stress more than six weeks after original payment deadline.
Item 1.01 verify on EDGAR → -
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If payment not made by June 5, company would enter formal default on convertible debt, potentially triggering acceleration of principal and cross-defaults on other obligations.
Item 1.01 verify on EDGAR →
Summary
Inotiv disclosed it has extended the grace period on a missed $2.1 million interest payment for the second time, pushing the deadline to June 5, 2026. The company was originally required to pay interest on its 3.25% Convertible Senior Notes on April 15 but failed to do so.
After the initial 30-day grace period expired May 15, Inotiv obtained noteholder consent to extend to May 29, and has now secured a second extension to June 5—more than seven weeks after the original due date. Retail investors should recognize this as a serious liquidity warning. Missing debt payments and requiring multiple extensions suggests the company is struggling to meet basic obligations.
If Inotiv cannot pay by June 5, it will enter formal default, which could trigger acceleration of the entire principal balance and potentially cross-defaults on other debt. The fact that noteholders agreed to extend suggests they prefer negotiation over immediate enforcement, but patience has limits. Watch for any announcement before June 5 about the payment status, asset sales, new financing, or restructuring discussions. If the deadline passes without disclosure, assume default has occurred and expect material adverse consequences for equity holders.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
which was subsequently extended to 44 days, through and including May 29, 2026, pursuant to the First Supplemental Indenture to the Convertible Indenture, dated as of May 15, 2026
On May 15, 2026, the company previously obtained a first extension of the grace period to 44 days (through May 29, 2026). The current 8-K discloses a second extension, indicating the company still has not made the payment after more than six weeks.
Event · Item 2.03 — Creation of a Direct Financial Obligation
Inotiv created a direct financial obligation, with details incorporated by reference from Item 1.01 (not provided in this excerpt).
Added in current filing · verify on EDGAR →
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03 of this Current Report.
The company disclosed the creation of a direct financial obligation or off-balance sheet arrangement. The specific terms, amounts, and conditions are referenced in Item 1.01 of the same 8-K filing, which is not included in the provided excerpt. This typically indicates new debt, credit facility, or similar financing arrangement.
Event · Item 9.01 — Financial Statements and Exhibits
Inotiv filed a Second Supplemental Indenture with U.S. Bank Trust Company, National Association on May 28, 2026.
Added in current filing · verify on EDGAR →
Second Supplemental Indenture, dated as of May 28, 2026, among Inotiv, Inc., BAS Evansville, Inc., and U.S. Bank Trust Company, National Association
Inotiv executed a Second Supplemental Indenture on May 28, 2026, involving the company, its subsidiary BAS Evansville, Inc., and U.S. Bank Trust Company as trustee. This document typically amends or supplements existing debt agreements, though the specific terms and material impact are not disclosed in this 8-K filing itself.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify