Mayville Engineering Company, Inc. $(MEC)$ has announced an amendment to its existing credit agreement, enhancing its financial flexibility. On June 26, 2025, MEC entered into the First Amendment to its Amended and Restated Credit Agreement, initially dated June 28, 2023. This amendment, involving Wells Fargo Bank and other lenders, increases the total allowable borrowings under its revolving credit facility from $250 million to $350 million by utilizing a $100 million accordion feature. The amendment aims to support the company's ongoing business needs while maintaining the same interest rates and other material terms.
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