---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-21-022919"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2021-11-12T23:59:59+00:00"
generated_at: "2026-06-28T09:38:04.973740+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients prices $175M convertible notes offering to reduce revolving credit facility debt

## Summary
- Priced $175 million aggregate principal amount of 1.875% convertible senior notes due 2041 in a private offering.
- Initial conversion price is approximately $96.24 per share, a 37.5% premium over the November 10 closing price of $69.99.
- Net proceeds estimated at $169.3 million ($194.8 million if over-allotment fully exercised) to reduce outstanding revolving credit facility balance.
- Initial purchasers granted option to buy up to an additional $26.25 million principal amount to cover over-allotments.
- Settlement scheduled for November 16, 2021; notes guaranteed by MGPI Processing, MGPI of Indiana, and Luxco.

## SEC filing metadata
- accession: 0001628280-21-022919
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2021-11-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000162828021022919/0001628280-21-022919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000162828021022919/mgpi-20211110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-21-022919
- JSON: https://secwatch.observer/filing/0001628280-21-022919.json
- Plain text: https://secwatch.observer/filing/0001628280-21-022919.txt

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