debt
confidence medium
sentiment neutral
materiality 0.65
Mayville Engineering amends credit agreement, raising 2022 CapEx limit to $65M
Mayville Engineering Company, Inc.
- Fourth Amendment to Credit Agreement dated March 31, 2022 with Wells Fargo as administrative agent.
- 2022 capital expenditure limit increased from $35M to $65M.
- Consolidated EBITDA definition revised to add back certain restructuring and impairment charges.
- Lenders have received customary fees for past and future financial services.