CPI Aerostructures enters $20M credit facilities with Western Alliance, repays BankUnited

CPI AEROSTRUCTURES INC

New $10M revolving line and $10M term loan from Western Alliance Bank, maturing Dec 12, 2030.
Proceeds used to repay existing BankUnited credit facility in full; no prepayment penalty incurred.
Term loan funded at closing; quarterly installments start April 5, 2026; variable rate based on 1-month SOFR plus margin.
Facilities secured by substantially all assets of CPI and its subsidiaries WMI and Compac.
Financial covenants include minimum Fixed Charge Coverage Ratio of 1.25x and max Funded Leverage Ratio starting at 3.75x.

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