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MGP INGREDIENTS INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement

February 19, 2014

Item 1.01 Entry into a Material Definitive Agreement. On February 12, 2014, MGP Ingredients, Inc. (the "Company"), its subsidiaries MGPI Processing, Inc., MGPI Pipeline, Inc., MGPI of Indiana, LLC, (collectively, "Subsidiaries") and Wells Fargo Bank, National Association ("Wells Fargo") entered into Amendment No. 1 (the "Amendment") to the Company's 5-year, $55,000,000 Amended and Restated Credit Agreement dated November 2, 2012, (the "Restated Credit Agreement"). Pursuant to the Amendment, the Company, its Subsidiaries and Wells Fargo have amended and restated the definition of "EBITDA" in order to add clause (c)(iv) to such definition. The new clause to the definition of "EBITDA" adds back to consolidated net earnings the governance expenses relating to shareholder litigation incurred in connection with the Company's disputed 2013 Annual Meeting of Stockholders from certain compliance calculations required under the Restated Credit Agreement. A copy of the executed Amendment is attached hereto as Exhibit 10.1 and is incorporated by reference into this description of the Amendment. Capitalized terms not otherwise defined herein shall have the meaning provided to such terms in the Amendment. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. *10.1 Amendment No. 1 to Credit Agreement, dated February 12, 2014, by and among MGPI Processing, Inc., MGPI Pipeline, Inc. and MGPI of Indiana, LLC as Borrowers, MGP Ingredients, Inc., and Wells Fargo Bank, National Association. ________________ * Filed herewith


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Source: Edgar Glimpses

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