MGP Ingredients to Pay 1.875% Interest on Convertible Notes

MGP Ingredients, Inc. priced its $175 million private placement of convertible senior notes due 2041 at 1.875%. The initial purchasers of the Notes also received 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 $26.25 million aggregate principal amount of the Notes, solely to cover over-allotments.