Mayville funds $96 million purchase with revolver borrowings

By Devika Patel

Knoxville, Tenn., June 22 – Mayville Engineering Co. plans to use borrowings under its existing credit agreement to finance a $96 million acquisition of Mid-States Aluminum Corp., a manufacturer of custom aluminum extrusions and fabrications, according to an 8-K filing with the Securities and Exchange Commission.

Mayville will also increase its revolving credit facility under the agreement to $250 million and has received a commitment for this increase.

Mayville Engineering is based out of Mayville, Wis., and provides metal fabricating services.

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