secwatch.observer — SEC 8-K summary
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Issuer:     CPI AEROSTRUCTURES INC (CVU)
CIK:        0000889348
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001839882-24-004986
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889348/000183988224004986/0001839882-24-004986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889348/000183988224004986/cvu-8k_022024.htm
  HTML page:      https://secwatch.observer/filing/0001839882-24-004986

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer