Mayville Engineering prices 4,348,000-share follow-on offering at $20 per share

Mayville Engineering

Mayville Engineering

MEC

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  • MEC priced an underwritten public offering of 4,348,000 common shares at USD 20 per share, targeting gross proceeds of about USD 86.9 million.
  • The underwriters hold a 30-day option to buy up to 652,000 additional shares at the offering price, less discounts and commissions.
  • Closing is expected on May 21, 2026, subject to customary conditions.
  • Net proceeds are earmarked mainly to pay down its senior secured revolving credit facility, fund capital spending, support working capital, and cover general corporate purposes.
  • The revolver matures June 28, 2028; the interest rate was 6.42% as of March 31, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MEC - Mayville Engineering Co. Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605192305BIZWIRE_USPR_____20260519_BW538072) on May 20, 2026, and is solely responsible for the information contained therein.

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