The 1.875% convertible notes are due 2041

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A offering by MGP Ingredients, Inc. of an aggregate principal amount of $201.25 million of 1.875% convertible senior notes due 2041, which included $26.25 million aggregate principal amount of convertible senior notes issued pursuant to the exercise in full of the initial purchasers’ over-allotment option.

MGP Ingredients, Inc. is a leading producer of premium distilled spirits, branded spirits, and food ingredient solutions. Since 1941, MGP has combined its expertise and energy aimed at formulating excellence and bringing product ideas to life collaboratively with its customers.

The Davis Polk capital markets team included partner Michael Kaplan and associates Gil Savir and Jennifer Tedrick. The equity derivatives team included partner Mark M. Mendez and associates Danielle Forni and Daniel Yu. Partner Lucy W. Farr provided tax advice. Partner Matthew J. Bacal and associate Marisa Elena Bannon provided intellectual property advice. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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