Mayville Engineering Company, Inc. (MEC) Form 8-K — May 21, 2026
Mayville Engineering Company (MEC) has priced an underwritten public offering of 4,348,000 shares of common stock at $20.00 per share, generating gross proceeds of approximately $86.9 million. The underwriters fully exercised their 30-day option to purchase an additional 652,000 shares, bringing the total shares sold to 5,000,000 and total net proceeds to approximately $93.9 million. The company intends to use the net proceeds primarily to reduce amounts outstanding under its senior secured revolving credit facility, which carries an interest rate of 6.42% and matures in June 2028.
Key figures
- Gross Proceeds
- 86900000
- Offering Price
- 20
- Shares Offered
- 4348000
- Greenshoe shares
- 652000
- Net proceeds usd
- 93900000
- Revolver maturity
- 2028-06-28
- Revolver interest rate
- 6.42
- Purchase price per share
- 18.85
- Total shares including greenshoe
- 5000000
Price after filing
Close on the filing date to close N calendar days later (from $23.13). Historical, not a forecast.
AI analysis
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