---
schema_version: "secwatch.filing_event.v1"
accession: "0001839882-22-026322"
form_type: "8-K"
ticker: "CVU"
cik: "0000889348"
company_name: "CPI AEROSTRUCTURES INC"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-22T00:26:42.987081+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CPI Aerostructures extends credit facility maturity to Nov 2023, reduces interest rate

## Summary
- Maturity of revolving line and term loan extended to November 30, 2023.
- Term loan principal payments: $200k/month from Jan 2023 plus $250k on Dec 2022 and Mar 2023.
- Interest rate reduced to Prime Rate + 3.50% effective November 1, 2022.
- Outstanding revolver $21M, term loan $1.78M; $250k amendment fee accruing interest.

## SEC filing metadata
- accession: 0001839882-22-026322
- form_type: 8-K
- ticker: CVU
- cik: 0000889348
- company_name: CPI AEROSTRUCTURES INC
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889348/000183988222026322/0001839882-22-026322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000183988222026322/cvu-8k_111022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001839882-22-026322
- JSON: https://secwatch.observer/filing/0001839882-22-026322.json
- Plain text: https://secwatch.observer/filing/0001839882-22-026322.txt

## Key facts
- Material Agreements
  CPI AEROSTRUCTURES INC amended Eleventh Amendment with BankUnited, N.A. (effective 2022-11-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: BankUnited, N.A.
  - Effective: 2022-11-10
  source text: On November 10, 2022, CPI Aerostructures, Inc. (the “Company”) entered into an Eleventh Amendment (the “Eleventh Amendment”) to that certain Amended and Restated Credit Agreement with the lenders named therein and BankUnited, N.A. (“BankUnited”) as Sole Arranger, Agent and a Lender, dated as of March 24, 2016 (as amended from time to time, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/889348/000183988222026322/0001839882-22-026322-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.