secwatch.observer — SEC 8-K summary
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Issuer:     CPI AEROSTRUCTURES INC (CVU)
CIK:        0000889348
Form:       8-K
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0001999371-25-020225
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889348/000199937125020225/0001999371-25-020225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889348/000199937125020225/cvu-8k_121225.htm
  HTML page:      https://secwatch.observer/filing/0001999371-25-020225

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