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UNIFI®, Makers of REPREVE®, Announces the Sale of Manufacturing Facility

1. Unifi, Inc. sold its Madison manufacturing facility for $45 million. 2. Proceeds will reduce debt and strengthen financial position.

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FAQ

Why Bullish?

The sale reduces debt, improving UFI's financial health. Similar efforts historically led to stock price rallies.

How important is it?

Debt reduction directly impacts financial stability, likely enhancing stock value.

Why Short Term?

Immediate debt reduction can boost investor confidence and market perception.

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BGSCOTYTPIC
GREENSBORO, N.C.--(BUSINESS WIRE)--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 procee.

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