Mayville Engineering Company, Inc. (MEC) Form 424B5 — May 20, 2026
Mayville Engineering Company (MEC) is offering 4,348,000 shares of common stock at $20.00 per share, raising gross proceeds of approximately $87 million. The offering price represents a roughly 20% discount to the last reported market price of $24.92, resulting in significant immediate dilution for existing shareholders. The company intends to use the net proceeds of approximately $81.6 million primarily to reduce debt under its senior secured revolving credit facility, fund capital expenditures in growth sectors, and support working capital. A portion of the debt repayment relates to financing for the Accu-fab acquisition completed in July 2025.
Key figures
- Gross Proceeds
- 86960000
- Offering Price
- 20
- Shares Offered
- 4348000
- Shares Outstanding
- 20415098
- Net Proceeds
- 81600000
- Greenshoe Shares
- 652000
- Last Market Price
- 24.92
- Revolver Interest Rate
- 6.42
- Revolver Maturity Date
- 2028-06-28
- Total Underwriting Fee
- 5000200
- Underwriting Fee Per Share
- 1.15
- Net Proceeds With Greenshoe
- 93900000
- Total Shares With Greenshoe
- 5000000
Price after filing
Close on the filing date to close N calendar days later (from $23.95). Historical, not a forecast.
AI analysis
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