MGP Ingredients amended its main credit agreement and its private note purchase agreement on Aug 6, 2026. The change lets the company add back up to $20 million of certain uncollected customer receivables—through Dec 31, 2027—when calculating Consolidated EBITDA, so those losses won't hurt its financial covenant tests. The company says the move is precautionary and it still expects peak leverage in Q3 2026, followed by lower leverage. It also exercised an option that raises its leverage limit to 4.50x for three quarters after the Penelope Bourbon acquisition.
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