CPI International to launch first- and second-lien loans on Wednesday

By Sara Rosenberg

New York, Feb. 21 – CPI International Inc. is scheduled to hold bank meeting at 10:30 a.m. ET in New York on Wednesday to launch first- and second-lien credit facilities, according to a market source.

UBS Investment Bank is the lead bank on the deal.

Proceeds will be used to refinance existing debt.

CPI is a Palo Alto, Calif.-based provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications.

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