Brief: MEC Amends Credit Agreement To Provide Increased Liquidity And Flexibility

Mayville Engineering

06/07/2020 22:14

July 6 (Reuters) - Mayville Engineering Company Inc  MEC.N :
    * MEC AMENDS CREDIT AGREEMENT TO PROVIDE INCREASED LIQUIDITY
AND
FLEXIBILITY
    * MAYVILLE ENGINEERING COMPANY INC - NEW AGREEMENT WILL
INCREASE
MAXIMUM NET LEVERAGE RATIO FROM 3.25 TO 4.25 THROUGH Q4 OF 2020
    * MAYVILLE ENGINEERING COMPANY INC - TOTAL COMMITMENT OF
SENIOR
CREDIT FACILITY WILL REMAIN AT $200 MILLION
    * MAYVILLE ENGINEERING COMPANY INC - MATURITY DATE OF SENIOR
CREDIT FACILITY WILL REMAIN AT SEPTEMBER 30, 2024

Source text for Eikon:  ID:nBwJ50y6a 
Further company coverage:  MEC.N 

 (Reuters.Briefs@thomsonreuters.com)