Reuters logo
BRIEF-Mgp announces new term loan and revolving credit facility agreements
August 24, 2017 / 11:50 AM / in 3 months

BRIEF-Mgp announces new term loan and revolving credit facility agreements

Aug 24 (Reuters) - Mgp Ingredients Inc

* MGP announces new term loan and revolving credit facility agreements

* Entered $20 million term loan agreement with Prudential Capital Group

* Term loan agreement with prudential capital group, increases co’s available borrowing limit by $80 million to total of about $135 million

* Successfully completed a new $150 million revolving credit facility agreement with Wells Fargo Bank

* ‍New revolving credit facility with Wells Fargo expands MGP’s borrowing availability by $60 million, extends maturity date to Aug 23, 2022​

* Prudential Capital Group term loan of $20 million to bear interest at fixed rate of 3.53 pct per year for 10 years beginning Aug 23, 2017 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below