MGP Ingredients increases shelf facility to $250M, extends through Aug 2026

MGP INGREDIENTS INC

Maximum principal under shelf facility increased from $140M to $250M, subject to conditions and purchaser discretion.
Issuance period for senior secured promissory notes extended from Aug 23, 2023 to Aug 31, 2026.
Amendment effective August 23, 2023; entered into on August 31, 2023.
Company paid a renewal fee of $35,000 to Prudential.
Guarantors (MGPI Processing, MGPI Pipeline, etc.) ratified their obligations under the amended agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MGP INGREDIENTS INC amended Fifth Amendment to Note Purchase and Private Shelf Agreement with PGIM, Inc. and certain of its affiliates valued at increased from $140 million ... to $250 million (effective 2023-08-31).

Action: amendment
Agreement: notes offering
Counterparty: PGIM, Inc. and certain of its affiliates
Value: increased from $140 million ... to $250 million
Effective: 2023-08-31

Exact text from the filing

On August 31, 2023, MGP Ingredients, Inc. (the “Company”) entered into a Fifth Amendment to Note Purchase and Private Shelf Agreement (the “Fifth Amendment”) among the Company, PGIM, Inc. and certain of its affiliates as noteholders.

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MGP INGREDIENTS INC filing history →

Source: SEC EDGAR

accession 0001628280-23-031563

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