secwatch.observer — SEC 8-K summary
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Issuer:     NEOGEN CORP (NEOG)
CIK:        0000711377
Form:       8-K
Filed at:   2025-04-07T23:59:59+00:00
Accession:  0000950170-25-051441
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711377/000095017025051441/0000950170-25-051441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711377/000095017025051441/neog-20250404.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-051441

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