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News Breaks | | | | December 6, 2012 | | 08:48 EDT |  | VLY, CVU | 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. | |
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News For CVU;VLY From The Last 14 Days Check below for free stories on CVU;VLY the last two weeks. |
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| May 13, 2013 | | 08:47 EDT | | CVU | CPI Aerostructures announces $3.95M in new requirements from Bell Helicopter
CPI Aerostructures (CVU) announced that it has received an extension, through 2015, to its existing General Ordering Agreement with Bell Helicopter, a Textron (TXT) company, that adds additional delivery requirements totaling $3.95M for the manufacture of various assemblies for the AH-1Z ZULU attack helicopter. | |
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