Mayville Engineering closes 5,652,000-share follow-on offering at $20 per share

Mayville Engineering

Mayville Engineering

MEC

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  • MEC closed an underwritten public offering of 5,000,000 common shares at USD 20 per share, raising USD 100 million in gross proceeds.
  • The deal included the full exercise of the underwriters’ option for 652,000 additional shares.
  • Net proceeds earmarked for revolver repayment, capital expenditures, working capital, general corporate purposes.
  • Debt reduction targets borrowings tied in part to the Accu-fab acquisition completed in July 2025; the revolving credit facility matures June 28, 2028 with a 6.42% interest rate as of March 31, 2026.


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