secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001558370-23-011571
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mayville Engineering increases revolver to $250M, extends maturity to 2028
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- Revolving credit facility increased to $250 million from prior amount.
- Maturity extended to June 28, 2028.
- LIBOR replaced with SOFR (plus 0.10%); interest margin ranges 1.25%-2.75%.
- Consolidated Total Leverage Ratio max raised to 3.50:1 (can increase to 4.00:1 post-acquisition).
- Proceeds to finance Mid-States Aluminum acquisition and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837023011571/0001558370-23-011571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837023011571/tmb-20230628x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-011571

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