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Mayville Engineering (NYSE:MEC) filed an 8-K announcing a $100 million upsizing of its revolving credit facility to $350 million by exercising the accordion feature in its June 28 2023 Amended & Restated Credit Agreement. Wells Fargo remains administrative agent and all pricing, covenants and other material terms are unchanged.
The expanded facility, disclosed under Items 1.01 and 2.03, increases available liquidity to fund ongoing operating and growth needs and constitutes a new direct financial obligation for the company. The full text of the First Amendment is filed as Exhibit 10.