---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-21-023547"
form_type: "8-K"
ticker: "MGPI"
cik: "0000835011"
company_name: "MGP INGREDIENTS INC"
filed_at: "2021-11-16T23:59:59+00:00"
generated_at: "2026-06-28T08:03:27.483498+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MGP Ingredients closes $201.2M 1.875% convertible note offering due 2041

## Summary
- $201.2M notes (incl. full $26.25M greenshoe) with 1.875% coupon, due Nov 2041, sold in 144A placement.
- Initial conversion price ~$96.24; rate 10.3911 shs/$1k; convertible upon stock price conditions and after July 2026.
- Senior unsecured; guaranteed by subsidiaries Luxco, MGPI Processing, MGPI of Indiana.
- Callable at par from Nov 2024 (if stock ≥130% of conversion price) or unconditionally from Nov 2026.

## SEC filing metadata
- accession: 0001628280-21-023547
- form_type: 8-K
- ticker: MGPI
- cik: 0000835011
- company_name: MGP INGREDIENTS INC
- filed_at: 2021-11-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/835011/000162828021023547/0001628280-21-023547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/835011/000162828021023547/mgpi-20211116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-21-023547
- JSON: https://secwatch.observer/filing/0001628280-21-023547.json
- Plain text: https://secwatch.observer/filing/0001628280-21-023547.txt

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