---
schema_version: "secwatch.filing_event.v1"
accession: "0001839882-23-007388"
form_type: "8-K"
ticker: "CVU"
cik: "0000889348"
company_name: "CPI AEROSTRUCTURES INC"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T19:57:16.474876+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CPI Aerostructures amends credit agreement; maturity extended to Nov 30, 2024

## Summary
- Amended credit agreement with BankUnited and Dime Community Bank extends revolving and term loan maturity to November 30, 2024.
- Revolving credit maximum reduced stepwise from $21M to $17.64M effective October 1, 2024.
- Term loan outstanding of $733,333.32 to be repaid by June 30, 2023; amendment fee of $54,333.33 due May 31, 2023.
- Capitalized fee of $250,000 from Eighth Amendment to be paid in two installments ($116,666.68 on June 1, 2023 and $133,333.32 on July 1, 2023).

## SEC filing metadata
- accession: 0001839882-23-007388
- form_type: 8-K
- ticker: CVU
- cik: 0000889348
- company_name: CPI AEROSTRUCTURES INC
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889348/000183988223007388/0001839882-23-007388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000183988223007388/cvu-8k_032323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001839882-23-007388
- JSON: https://secwatch.observer/filing/0001839882-23-007388.json
- Plain text: https://secwatch.observer/filing/0001839882-23-007388.txt

## Key facts
- Material Agreements
  CPI AEROSTRUCTURES INC amended Twelfth Amendment with BankUnited, N.A. (effective 2023-03-23).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: BankUnited, N.A.
  - Effective: 2023-03-23
  source text: On March 23, 2023, CPI Aerostructures, Inc. (the “Company”) entered into a Twelfth Amendment (the “Twelfth 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/889348/000183988223007388/0001839882-23-007388-index.htm

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