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Unifi Sells Manufacturing Facility In Madison For $45M; Net Proceeds To Be Used To Reduce Existing Term Loan And Outstanding Revolving Loans

Benzinga · 05/21 12:04

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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 and the revolving loan balance was reduced to $5.6 million, thereby reducing debt principal by approximately $43.3 million.
With the facility closing driving higher expected utilization and more efficient operations in the Americas segment, UNIFI expects to realize over $20.0 million in estimated annualized operating cost savings once all transition and restructuring activities are completed.

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