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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CPI AEROSTRUCTURES INC terminated Amended and Restated Credit Agreement with BankUnited, N.A. valued at Repaid in full and terminated (effective 2025-12-12).

Action: termination
Agreement: credit facility
Counterparty: BankUnited, N.A.
Value: Repaid in full and terminated
Effective: 2025-12-12

Exact text from the filing

On December 12, 2025, in connection with entering into the Loan Agreement and the Credit Facilities described in Item 1.01 of this Current Report on Form 8-K, the Company repaid in full all outstanding obligations under that certain Amended and Restated Credit Agreement, dated as of March 24, 2016, as amended, among the Company, the several lenders from time to time parties thereto and BankUnited, N.A., as sole arranger, administrative agent and collateral agent (the “ BankUnited Credit Agreement ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CPI AEROSTRUCTURES INC entered into Loan and Security Agreement with Western Alliance Bank valued at $10,000,000 revolving line of credit and $10,000,000 term loan (effective 2025-12-12).

Action: entry
Agreement: credit facility
Counterparty: Western Alliance Bank
Value: $10,000,000 revolving line of credit and $10,000,000 term loan
Effective: 2025-12-12

Exact text from the filing

On December 12, 2025, CPI Aerostructures, Inc. (the “ Company ”) entered into a Loan and Security Agreement (the “ Loan Agreement ”) with Western Alliance Bank (the “ Bank ”).

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CPI AEROSTRUCTURES INC filing history →

Source: SEC EDGAR

accession 0001999371-25-020225

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