<a href="https://laohu8.com/S/CVUA">CPI Aerostructures</a> Secures $20 Million Credit Facilities from <a href="https://laohu8.com/S/WALA">Western Alliance</a> Bank
CPI Aerostructures Inc. has entered into a new Loan and Security Agreement with Western Alliance Bank, securing a revolving line of credit of up to $10 million and a term loan of $10 million. The agreement, signed on December 12, 2025, is guaranteed by the company's subsidiaries Welding Metallurgy, Inc. and Compac Development Corporation. Part of the proceeds, including the full term loan and approximately $6.2 million from the revolving line, was used to repay an existing credit facility with BankUnited, N.A. The remaining funds will be used for working capital and general corporate purposes. The agreement includes customary financial and operational covenants, with quarterly tests on fixed charge coverage and leverage ratios, and contains standard default provisions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPI Aerostructures Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001999371-25-020225), on December 12, 2025, and is solely responsible for the information contained therein.
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