What was the original draw amount reported and what is the corrected draw amount on the revolving credit facility?
Answer
The brief you provided tells us that Inotiv, Inc. issued a correction to the âdraw amountâ it had previously announced for its revolving credit facility, but it does not include the actual numbers â neither the original amount that was first reported nor the revised (corrected) amount.
Item | Value (as per the information you shared) |
---|---|
Original draw amount (as originally reported) | Not specified in the summary |
Corrected draw amount (as per the correction notice) | Not specified in the summary |
What this means
- The pressârelease headline (âInotiv Reports Third Quarter Financial Results for Fiscal 2025 and Provides Business Updateâ) and the fact that a correction was issued are confirmed, but the quantitative details of the draw request were omitted from the excerpt you posted.
- To obtain the exact figures you would need to consult the full corrected press release (the âcorrected release followsâ mentioned in the summary) or the original release that contained the erroneous figure. Those documents are typically posted on Inotivâs investorârelations website, on the NASDAQ newswire, or through the same newswire service (GlobeNewswire) that distributed the announcement.
How to locate the numbers
- Visit Inotivâs Investor Relations page â Look for the pressârelease dated AugustâŻ6âŻ2025 titled âInotiv Reports Third Quarter Financial Results for Fiscal 2025 and Provides Business Update.â There should be a downloadable PDF or HTML version of the original release and a separate âCorrectionâ notice.
- Search GlobeNewswire â Use the news identifier (e.g., the release ID or the ticker NOTV) and filter by the date 2025â08â07 (the time the correction was published). The corrected release will list the accurate draw amount.
- SEC filings â Companies often file a Form 8âK for material pressârelease corrections. Search the SECâs EDGAR database for Inotivâs filings around early AugustâŻ2025; the amendment will contain the corrected figure and may reference the original number.
Why the numbers matter
- Liquidity assessment â The size of the draw against a revolving credit facility directly affects Inotivâs cash position, debt covenant compliance, and overall liquidity profile for the quarter.
- Investor perception â A correction can signal that the company is actively monitoring its financing activities and strives for transparency, but the magnitude of the change (e.g., a $1âŻM vs. a $10âŻM adjustment) can influence how analysts view the companyâs cashâflow expectations.
Bottom line
Based solely on the excerpt you shared, we cannot state the exact original or corrected draw amounts. To answer the question definitively, youâll need to retrieve the full corrected press release (or the associated SEC filing) where Inotiv explicitly lists the corrected draw figure and, typically, the original amount it is amending. Once those documents are in hand, the two numbers will be clear.