secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001104659-26-020541
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mayville Engineering cuts revolver to $275M, relaxes leverage covenants, curbs acquisitions
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000110465926020541/0001104659-26-020541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000110465926020541/tmb-20260225x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-020541

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