UBS is in the market with a repricing for Communications and Power Industries (CPI) that will take the spread on the $90 million term loan to LIBOR plus 2 1/2% from LIBOR plus 3%. The credit was put in place in January to back The Cypress Group's $300 million acquisition of the company from Leonard Green & Partners (LMW, 1/5). CPI makes broadcast and wireless components. Joel Littman, CPI's cfo, and a Cypress Group spokesman declined comment. A UBS banker also declined comment.