---
schema_version: "secwatch.filing_event.v1"
accession: "0000835011-26-000108"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2026-08-07T21:18:41+00:00"
generated_at: "2026-08-07T21:20:06.843617+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients amends credit agreements to add back up to $20M uncollected receivables

## Summary
- Amendment No. 2 with Wells Fargo allows add-back of up to $20M aggregate losses on uncollected receivables from identified customers through Dec 31, 2027.
- Company exercised Elevated Ratio Period: net leverage covenant raised to 4.50x from 4.00x for Q2 2026 through Q1 2027, tied to Penelope Bourbon earnout.
- Eighth Amendment with PGIM makes conforming changes to Consolidated EBITDA definition in note purchase agreement.
- Company calls amendments precautionary; expects Q3 2026 peak leverage, then decline; full banking group participation.
- Fixed charge coverage covenant remains at 1.25x; recovered receivables must be deducted from EBITDA.

## SEC filing metadata
- accession: 0000835011-26-000108
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2026-08-07T21:18:41+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000083501126000108/0000835011-26-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000083501126000108/mgpi-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000835011-26-000108
- JSON: https://secwatch.observer/filing/0000835011-26-000108.json
- Plain text: https://secwatch.observer/filing/0000835011-26-000108.txt

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