---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-051441"
form_type: "8-K"
ticker: "NEOG"
cik: "0000711377"
company_name: "NEOGEN CORP"
filed_at: "2025-04-07T23:59:59+00:00"
generated_at: "2026-05-23T20:27:50.193742+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Neogen refinances $550M debt: new $450M term loan and $250M revolver at lower rate

## Summary
- Refinanced $550M of existing term loan and revolver due 2027; new $450M term loan and $250M revolver mature Apr 2030.
- Revolving facility upsized from $150M to $250M; initial $100M drawn; leverage-neutral transaction.
- New interest rate: SOFR + 175 bps, 60 bps savings versus prior terms.
- JPMorgan Chase acted as Administrative Agent and Joint Lead Arranger with four other banks.

## SEC filing metadata
- accession: 0000950170-25-051441
- form_type: 8-K
- ticker: NEOG
- cik: 0000711377
- company_name: NEOGEN CORP
- filed_at: 2025-04-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711377/000095017025051441/0000950170-25-051441-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711377/000095017025051441/neog-20250404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-051441
- JSON: https://secwatch.observer/filing/0000950170-25-051441.json
- Plain text: https://secwatch.observer/filing/0000950170-25-051441.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.