# MGP INGREDIENTS INC (MGPI) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_0d8be9d38561686427f4 · retrieved 2026-08-12T07:22:18.882Z

## Overview
MGP Ingredients, Inc. is a wholesale distributor of beer, wine, and distilled alcoholic beverages.

On August 6, 2026, MGP Ingredients, Inc. entered into Amendment No. 2 to its Amended and Restated Credit Agreement with Wells Fargo Bank, National Association and other lenders. The amendment modified the definition of Consolidated EBITDA to permit the Company to add back, for any period on or prior to December 31, 2027, aggregate losses up to $20,000,000 related to accounts receivable from specific customers identified to the Administrative Agent in writing prior to July 29, 2026. The Company also entered into an Eighth Amendment to its Note Purchase and Private Shelf Agreement with PGIM, Inc. and certain affiliates, incorporating conforming changes to the Consolidated EBITDA definition. The Company exercised an Elevated Ratio Period option commencing with the fiscal quarter ended June 30, 2026 and for the three fiscal quarters thereafter, in connection with earnout obligations for the acquisition of Penelope Bourbon LLC, which allows the consolidated net leverage ratio covenant to increase from 4.00 to 1.00 to 4.50 to 1.00.

## Terms
- Counterparty: Wells Fargo Bank, National Association; PGIM, Inc. · Deal value: $20.0M

## Key dates
- Announced 2026-08-07 · Expiry 2027-12-31

## Timeline
- 2026-08-07 · 8-K (0000835011-26-000108): 8-K - MGP INGREDIENTS INC — *MGP Ingredients, Inc. is a wholesale distributor of beer, wine, and distilled alcoholic beverages.* On August 6, 2026, MGP Ingredients, Inc. entered into Amendment No. 2 to its Amended and Restated Credit Agreement with Wells Fargo Bank, National Association and other lenders. The amendment modified the definition of Consolidated EBITDA to permit the Company to add back, for any period on or prior to December 31, 2027, aggregate losses up to $20,000,000 related to accounts receivable from specific customers identified to the Administrative Agent in writing prior to July 29, 2026. The Company also entered into an Eighth Amendment to its Note Purchase and Private Shelf Agreement with PGIM, Inc. and certain affiliates, incorporating conforming changes to the Consolidated EBITDA definition. The Company exercised an Elevated Ratio Period option commencing with the fiscal quarter ended June 30, 2026 and for the three fiscal quarters thereafter, in connection with earnout obligations for the acquisition of Penelope Bourbon LLC, which allows the consolidated net leverage ratio covenant to increase from 4.00 to 1.00 to 4.50 to 1.00.
  https://www.sec.gov/Archives/edgar/data/835011/0000835011-26-000108.txt

## Citations
- 0000835011-26-000108 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000083501126000108