Mgp ingredients prices offering of $175 million of convertible senior notes due 2041

Atchison, kan., nov. 10, 2021 (globe newswire) -- mgp ingredients, inc. (nasdaq: mgpi) (the “company” or “mgp”), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today announced the pricing of its offering of $175,000,000 aggregate principal amount of 1.875% convertible senior notes due 2041 (the “notes”) in a previously announced private offering to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). the issuance and sale of the notes are scheduled to settle on november 16, 2021, subject to customary closing conditions. mgp also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $26,250,000 aggregate principal amount of the notes, solely to cover over-allotments.
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