Ropes & Gray represented Inotiv, Inc. in its plan of reorganization confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, which the company announced on July 14. With this approval in place, the company expects to emerge from chapter 11 protection.
The comprehensive recapitalization transaction, announced on June 3, strengthens Inotiv’s capital structure, preserves the going-concern value of the business, and protects the jobs of thousands of employees through a substantial balance sheet deleveraging and financing commitments for approximately $100 million.
Inotiv a leading Contract Research Organization specializing in nonclinical and analytical drug discovery and development services and research models and related products and services.
The Ropes & Gray team was led by business restructuring partners Cristi Pirro Schwarzman and Daniel Forman and capital solutions partners Sam Badawi and Milap Patel, and included business restructuring partner Matthew Czyzyk, finance partners Nitin Konchady and Arek Maczka, tax partner Benjamin Rogers, executive compensation & employee benefits partner Matt Jones, and litigation & enforcement partner Rob Roberts.
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