UNIFI INC 8K

Unifi, Inc. agreed to sell two non-strategic Yadkin County real estate assets for about $60 million to reduce debt and enhance financial flexibility with limited operational impact.

Unifi, Inc. (UNIFI), a producer of recycled and synthetic yarns and the REPREVE brand, announced that it has entered into an agreement to sell two non-strategic real estate assets in Yadkin County, North Carolina—comprising roughly 120 acres of land and 500,000 square feet of warehouse space—for approximately $60 million in gross proceeds before fees and expenses, with closing expected in the company’s second fiscal quarter subject to customary conditions; the company plans to use the proceeds primarily to reduce debt, optimize its U.S. operating footprint, and improve financial flexibility, while indicating that the transaction is expected to have minimal operational impact, no downtime, and no change to current production capacity or customer service from its Yadkin County campus.

Filing Facts

CIK

100726

Ticker

-

Form

8K

Source Type

sec

Accession

0000100726-26-000008

Alert Tier

6