MGP Ingredients entered into Amendment No. 2 to its Credit Agreement and an Eighth Amendment to its Note Purchase Agreement on August 6, 2026. These amendments modify the definition of Consolidated EBITDA to allow a $20 million add-back for specific customer account losses through December 31, 2027, preventing uncollected receivables from negatively impacting financial covenants. The company has exercised an option for an Elevated Ratio Period, increasing its consolidated net leverage ratio covenant limit from 4.00 to 1.00 to 4.50 to 1.00 for the quarter ended June 30, 2026 and the following three quarters, in connection with earnout obligations for the Penelope Bourbon LLC acquisition. Management views these changes as precautionary measures and expects peak leverage in the third fiscal quarter of 2026. MGP Ingredients operates in the food ingredients and spirits industry, producing distillers grains and owning bourbon brands.