• MGP Ingredients entered Amendment No. 2 to its amended and restated credit agreement with Wells Fargo as administrative agent on Aug. 6, 2026.
• Change lets consolidated EBITDA add back up to USD 20 million of specified customer receivable losses through Dec. 31, 2027; recoveries must be deducted.
• Revision aims to protect compliance with key covenants, including minimum 1.25x fixed-charge coverage, maximum 4x net leverage.
• Net leverage limit can rise to 4.5x during an Elevated Ratio Period; option exercised starting quarter ended June 30, 2026 tied to Penelope Bourbon earnout.
• PGIM noteholders agreed a conforming EBITDA definition change via an Eighth Amendment to the note purchase and private shelf agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MGP Ingredients Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000835011-26-000108), on August 07, 2026, and is solely responsible for the information contained therein.