Mayville Engineering Company, Inc. (MEC) entered into a Third Amendment to its Amended and Restated Credit Agreement on February 25, 2026. The total commitment size of the senior secured revolver was decreased by $75,000,000, resulting in a new total of $275,000,000. New pricing levels were added for periods when the consolidated total leverage ratio is equal to or greater than 4.00 to 1.00 and 5.00 to 1.00. Permitted maximum consolidated total leverage ratios were increased for specific periods in 2026, reaching 5.25 to 1.00 for March 31, 2026, and June 30, 2026, before gradually decreasing to 3.50 to 1.00 by March 31, 2027. Permitted consolidated interest coverage ratios were decreased for specific periods, reaching 2.75 to 1.00 for June 30, 2026, through December 31, 2026, before returning to 3.00 to 1.00 by March 31, 2027. Operational covenants, including permitted acquisitions, are further restricted during the Company's 2026 fiscal year. During the 'Covenant Adjustment Period' (starting February 25, 2026, until at least March 31, 2027, or earlier if pre-amendment covenants are met), the offset for Unrestricted Cash and Cash Equivalents in the Consolidated Total Leverage Ratio calculation is reduced from $25,000,000 to $10,000,000. During the Covenant Adjustment Period, no additional Indebtedness under the general $12,500,000 basket (Section 9.1(n)) is permitted. Only one acquisition is permitted during the Covenant Adjustment Period, limited to $25,000,000 in purchase price, funded solely by equity issuance, and maintaining a Consolidated Total Leverage Ratio not exceeding 3.25 to 1.00. The Capital Expenditures limit for the Fiscal Year ending December 31, 2026, is reduced from $50,000,000 to $40,000,000. Carry forward of unused Capital Expenditure limits will commence from the Fiscal Year ending December 31, 2027.