{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-020541","form_type":"8-K","ticker":"MEC","cik":"0001766368","company_name":"Mayville Engineering Company, Inc.","filed_at":"2026-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.108350+00:00","generated_at":"2026-05-15T23:42:38.477804+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Mayville Engineering cuts revolver to $275M, relaxes leverage covenants, curbs acquisitions","bullets":["Revolver commitment reduced by $75M to $275M; consent fee of 0.075% paid to lenders.","Maximum total leverage ratio raised to 5.25x for Q1–Q2 2026, stepping down to 3.50x by 2027.","Minimum interest coverage ratio lowered to 2.75x for H2 2026, reverting to 3.00x in 2027.","Two new pricing tiers apply when leverage reaches 4.00x or 5.00x.","Acquisition restrictions imposed for fiscal 2026; prior notice for revolver reduction waived."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-020541","json":"https://secwatch.observer/filing/0001104659-26-020541.json","markdown":"https://secwatch.observer/filing/0001104659-26-020541.md","text":"https://secwatch.observer/filing/0001104659-26-020541.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1766368/000110465926020541/0001104659-26-020541-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1766368/000110465926020541/tmb-20260225x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T23:42:38.477804+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4700dc59da3f6bbddd2192bff6e44b6a432f12b7","claim":"Mayville Engineering Company, Inc. amended revolving credit of $275,000,000 with Wells Fargo Bank, National Association.","evidence_excerpt":"The Third Amendment (i) decreased the total commitment size of the senior secured revolver by $75,000,000, to $275,000,000; (ii) added two additional pricing levels to apply during periods when the consolidated total leverage ratio under the Amended and Restated Credit Agreement is equal to or greater than 4.00 to 1.00 and 5.00 to 1.00, respectively; (iii) provided for increases to the permitted maximum consolidated total leverage ratio under the Amended and Restated Credit Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1766368/000110465926020541/0001104659-26-020541-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$275,000,000"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"d151d47b1a000f19184a495d7517bbc8407fbab9","claim":"Mayville Engineering Company, Inc. entered into Third Amendment with Wells Fargo Bank, National Association valued at $275,000,000 commitment of senior secured revolver (effective 2026-02-25).","evidence_excerpt":"On February 25, 2026, Mayville Engineering Company, Inc. (the “Company”) entered into the Third Amendment (the “Third Amendment”) to its Amended and Restated Credit Agreement, dated as of June 28, 2023, by and among Mayville Engineering Company, Inc., certain subsidiaries of Mayville Engineering Company, as guarantors, the lenders from time-to-time party thereto, and Wells Fargo Bank, National Association, as Administrative Agent for the lenders","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1766368/000110465926020541/0001104659-26-020541-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$275,000,000 commitment of senior secured revolver"},{"label":"Effective","value":"2026-02-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}