secwatch.observer — SEC 8-K summary
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Issuer:     MGP INGREDIENTS INC (MGPI)
CIK:        0000835011
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0001628280-21-023547
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/835011/000162828021023547/0001628280-21-023547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/835011/000162828021023547/mgpi-20211116.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-023547

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer