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MGPI > SEC Filings for MGPI > Form 8-K on 16-Jun-2009All Recent SEC Filings

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Form 8-K for MGP INGREDIENTS INC


16-Jun-2009

Entry into a Material Definitive Agreement, Amendment or Waiver to Code of Et


Item 1.01 Entry into a Material Definitive Agreement.

As previously reported, the Sixth Amendment to our Credit Agreement provided that by June 15, 2009, we were to have received either:

† a written commitment letter or agreement from a third party to purchase our Pekin facility by July 17, 2009, or

† a written commitment letter or agreement by a bank or other lender to provide not more than $25 million of debt financing guaranteed in whole or in part by the USDA on or before July 17, 2009.

Although we continue to work on these goals, because of the progress we have been making in our refinancing efforts, the banks have unanimously agreed to a Seventh Amendment to the Credit Agreement which (i) extends the target date for obtaining either a commitment from a purchaser of our Pekin facility or a lender to July 17, 2009, and (ii) adds as an additional alternative our receiving by July 17, 2009 written commitment letters or agreements from banks or other institutional lenders to provide us adequate financing to repay our obligations to our Credit Agreement lenders in full.



Item 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of
a Provision of the Code of Ethics.

On June 10, 2009 the Audit Committee of the Board of Directors approved an amendment to the Code of Ethics providing for anonymous telephonic reporting.



Item 9.01 Financial Statements and Exhibits.

(d)                 Exhibits



4                      Seventh Amendment to Credit Agreement dated June 15,
2009.

14                   Code of Ethics


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