CPI Aerostructures (CVU) has released an update.
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CPI Aerostructures, Inc. has amended its credit agreement, extending the maturity date of its revolving credit line to August 31, 2025, while systematically reducing the maximum principal amount available over time, starting from $19.8 million in early 2024 to $15.48 million post-June 2025. This strategic financial move is aimed at optimizing the company’s borrowing capacity and ensuring compliance with the new terms set forth in the amendment.
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