---
schema_version: "secwatch.filing_event.v1"
accession: "0001839882-24-004986"
form_type: "8-K"
ticker: "CVU"
cik: "0000889348"
company_name: "CPI AEROSTRUCTURES INC"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:33:35.966364+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CPI Aerostructures extends credit line to Aug 2025 with step-down max to $15.48M

## Summary
- Revolving credit maturity extended to August 31, 2025, from prior date.
- Maximum principal amount reduced stepwise: $19.8M (Jan-Mar 2024) to $15.48M (post-June 2025).
- Outstanding Revolving Credit Loans as of Feb 20, 2024: $19,560,000.
- Amendment updates permitted sales of receivables to RTX, GKN, Triumph, Embraer counterparties.

## SEC filing metadata
- accession: 0001839882-24-004986
- form_type: 8-K
- ticker: CVU
- cik: 0000889348
- company_name: CPI AEROSTRUCTURES INC
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889348/000183988224004986/0001839882-24-004986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000183988224004986/cvu-8k_022024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001839882-24-004986
- JSON: https://secwatch.observer/filing/0001839882-24-004986.json
- Plain text: https://secwatch.observer/filing/0001839882-24-004986.txt

## Key facts
- Material Agreements
  CPI AEROSTRUCTURES INC amended Thirteenth Amendment with BankUnited, N.A. as Sole Arranger, Agent and a Lender (effective 2024-02-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: BankUnited, N.A. as Sole Arranger, Agent and a Lender
  - Effective: 2024-02-20
  source text: On February 20, 2024, CPI Aerostructures, Inc. (the "Company") entered into a Thirteenth Amendment (the "Thirteenth Amendment") to that certain Amended and Restated Credit Agreement with the lenders named therein and BankUnited, N.A. 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/889348/000183988224004986/0001839882-24-004986-index.htm

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