CPI Aerostructures increases revolving credit facility from $17M to $35M CPI Aerostructures (CVU) has amended its existing credit agreement to increase revolving credit commitments from $17M to $35M and to continue a $3.9M principal balance term loan. The revolving credit line was extended four years until December 5, 2016. The facility permits CPI Aero to request increases in revolving credit commitments to up to $50M in aggregate. Valley National Bank (VLY) joined Sovereign Bank as a lender under the facility.
CPI Aerostructures announces $49M multi-year contract CPI Aerostructures has been awarded a $49M indefinite-delivery/indefinite-quantity contract from the United States Air Force to provide structural modification kits for the T-38C Pacer Classic III aircraft structural modification program.