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CPI Card Group Inc. Announces Closing of Private Offering of $310 Million of Senior Secured Notes and Entry into $50 Million ABL Revolver

Retrieved on: 
Monday, March 15, 2021

CPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) (CPI or the Company) today announced the closing of the previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the issuer), of $310 million aggregate principal amount of its 8.625% senior secured notes due 2026 (the notes) and related guarantees.

Key Points: 
  • CPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) (CPI or the Company) today announced the closing of the previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the issuer), of $310 million aggregate principal amount of its 8.625% senior secured notes due 2026 (the notes) and related guarantees.
  • This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes and related guarantees.
  • About CPI Card Group Inc.
    CPI Card Group is a payment technology company and leading provider of credit, debit and prepaid solutions delivered physically, digitally and on-demand.
  • CPI has more than 20 years of experience in the payments market and is a trusted partner to financial institutions and payments services providers.

CPI Card Group Inc. Announces Pricing of Private Offering of $310 Million of Senior Secured Notes

Retrieved on: 
Tuesday, March 2, 2021

CPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) (CPI or the Company) today announced the pricing of the previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the issuer), of $310 million aggregate principal amount of its 8.625% senior secured notes due 2026 (the notes) and related guarantees.

Key Points: 
  • CPI Card Group Inc. (OTCQX: PMTS; TSX: PMTS) (CPI or the Company) today announced the pricing of the previously announced private offering by its wholly-owned subsidiary, CPI CG Inc. (the issuer), of $310 million aggregate principal amount of its 8.625% senior secured notes due 2026 (the notes) and related guarantees.
  • The offering is expected to close on March 15, 2021, subject to customary closing conditions.
  • There is no assurance that the issuer will be able to enter into the ABL revolver simultaneously with the issuance of the notes or at all.
  • About CPI Card Group Inc.
    CPI Card Group is a payment technology company and leading provider of credit, debit and prepaid solutions delivered physically, digitally and on-demand.

CPI Aerostructures Receives $14 Million in New Purchase Orders From Boeing Under A-10 Re-Winging Contract

Retrieved on: 
Thursday, May 28, 2020

Under the terms of the IDIQ, CPI Aero will manufacture major structural subassemblies of the A-10 aircrafts wing.

Key Points: 
  • Under the terms of the IDIQ, CPI Aero will manufacture major structural subassemblies of the A-10 aircrafts wing.
  • Including these new orders, CPI Aero has now received approximately $20 million in funding from Boeing for the production of A-10 re-wing structural assemblies and associated program start-up costs.
  • In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com , and follow us on Twitter @CPIAERO .

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against CPI Aerostructures, Inc. (CVU)

Retrieved on: 
Tuesday, April 21, 2020

Investors suffering losses on their CPI investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .

Key Points: 
  • Investors suffering losses on their CPI investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .
  • On this news, CPIs share price fell 8.5% to close at $6.34 per share on February 8, 2019, thereby injuring investors.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • Law Offices of Howard G. Smith

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against CPI Aerostructures Inc. (CVU)

Retrieved on: 
Saturday, April 18, 2020

The Law Offices of Frank R. Cruz reminds investors of the upcoming April 24, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of CPI Aerostructures Inc. (CPI or the Company) (NYSE: CVU ) investors who purchased securities between May 15, 2018 and February 14, 2019, inclusive (the Class Period).

Key Points: 
  • The Law Offices of Frank R. Cruz reminds investors of the upcoming April 24, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of CPI Aerostructures Inc. (CPI or the Company) (NYSE: CVU ) investors who purchased securities between May 15, 2018 and February 14, 2019, inclusive (the Class Period).
  • On this news, CPIs share price fell 8.5% to close at $6.34 per share on February 8, 2019, thereby injuring investors.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

CPI Aero Receives $4.5 Million Purchase Order From U.S. Air Force for T-38 Aircraft Modification Kits

Retrieved on: 
Wednesday, February 26, 2020

The new purchase order brings the total funded value of the contract to $8.2 million.

Key Points: 
  • The new purchase order brings the total funded value of the contract to $8.2 million.
  • The Northrop T-38 has been the principal supersonic jet trainer used by the Air Force for more than 50 years.
  • CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com , and follow us on Twitter @CPIAERO .

CPI Aerostructures Appoints Dan Azmon Chief Financial Officer

Retrieved on: 
Wednesday, November 13, 2019

EDGEWOOD, N.Y., Nov. 13, 2019 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero) (the Company) (NYSE American: CVU) today announced the appointment of Dan Azmon as Chief Financial Officer effective November 18,2019, replacing Vincent Palazzolo, who has left the Company.

Key Points: 
  • EDGEWOOD, N.Y., Nov. 13, 2019 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero) (the Company) (NYSE American: CVU) today announced the appointment of Dan Azmon as Chief Financial Officer effective November 18,2019, replacing Vincent Palazzolo, who has left the Company.
  • I want to thank Vince for his many contributions to CPI Aero over the past 15 years.
  • Mr. Azmon added, Over the past several years, CPI Aero has positioned itself for tremendous growth.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com , and follow us on Twitter @CPIAERO .

CPI Aerostructures Wins Aviation Week Program Excellence Award

Retrieved on: 
Thursday, October 24, 2019

EDGEWOOD, N.Y., Oct. 24, 2019 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero) (the Company) (NYSE American: CVU) today announced that it has won Aviation Week Networks Program Excellence Award in the supplier system design category.

Key Points: 
  • EDGEWOOD, N.Y., Oct. 24, 2019 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero) (the Company) (NYSE American: CVU) today announced that it has won Aviation Week Networks Program Excellence Award in the supplier system design category.
  • Derick Martin, Senior Program Manager at CPI Aero, accepted the award on behalf of the Company.
  • CPI Aero is honored to receive this award and congratulates Derick and his program team for this incredible distinction, stated Douglas J. McCrosson, president and CEO of CPI Aero.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com , and follow us on Twitter @CPIAERO .

CPI Aerostructures Named Aviation Week Program Excellence Award Finalist

Retrieved on: 
Thursday, October 10, 2019

EDGEWOOD, N.Y., Oct. 10, 2019 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero) (the Company) (NYSE American: CVU) today announced that it has been named a finalist for Aviation Week Networks Program Excellence Award in the supplier system design category.

Key Points: 
  • EDGEWOOD, N.Y., Oct. 10, 2019 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero) (the Company) (NYSE American: CVU) today announced that it has been named a finalist for Aviation Week Networks Program Excellence Award in the supplier system design category.
  • Finalists for the 2019 Aviation Week Program Excellence Awards were selected by a panel of experts in program leadership and performance from industry, government and academia.
  • In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com , and follow us on Twitter @CPIAERO .

Robbins Arroyo LLP Is Investigating Claims on Behalf of Investors of CPI Aerostructures, Inc. (CVU)

Retrieved on: 
Tuesday, February 26, 2019

Shareholder rights law firm Robbins Arroyo LLP announces it is investigating CPI Aerostructures, Inc. (NYSE American: CVU) resulting from allegations that CPI Aerostructures may have issued materially misleading information to the investing public.

Key Points: 
  • Shareholder rights law firm Robbins Arroyo LLP announces it is investigating CPI Aerostructures, Inc. (NYSE American: CVU) resulting from allegations that CPI Aerostructures may have issued materially misleading information to the investing public.
  • CPI is a United States supplier of aircraft parts in both commercial and defense markets.
  • According to CPI, the alleged error inflated its revenue and income before provision for income taxes, net income, and earnings per share for each such period.
  • Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law.