Ropes & Gray represents Inotiv, Inc. in its chapter 11 cases to implement a comprehensive recapitalization transaction to strengthen its capital structure, preserve the going-concern value of the business, and protect the jobs of hundreds of employees through a substantial balance street deleveraging and bridge financing commitments for $65 million to support ongoing business operations. The transaction was announced on June 3.
Inotiv is a leading contract research organization specializing in nonclinical and analytical drug discovery and development services and research models.
The Ropes & Gray team was led by business restructuring partners Cristi Schwarzman and Daniel Forman and capital solutions partners Sam Badawi and Milap Patel, and included partners Matthew Czyzyk, Nitin Konchady, Arek Maczka, Benjamin Rogers, Matt Jones, and Rob Roberts.
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