UNIFI®, Makers of REPREVE®, Announces the Sale of Manufacturing Facility
Proceeds allocated to reduce debt, strengthen balance sheet, and enhance future financial performance
Unifi, Inc. (NYSE:UFI) (together with its consolidated subsidiaries, "UNIFI"), the makers of REPREVE® and one of the world's leading innovators in recycled and synthetic yarns, today announced the closing of the sale of its manufacturing facility in Madison, North Carolina to a third-party buyer.
Transaction Highlights:
Transaction valued at $45.0 million, with $25.0 million of net proceeds used to reduce the existing term loan and $18.3 million of net proceeds used to reduce outstanding revolving loans. Accordingly, on May 20, 2025, the term loan balance was reduced to $67.0 million an
