Dixie Group terminates sale-leaseback for Adairsville facility; pursuing other investors

DIXIE GROUP INC

Terminated sale-leaseback agreement for distribution facility in Adairsville, GA.
Buyer proposed unacceptable change in terms; Dixie Group rejected the revised terms.
Company continues seeking sale-leaseback for a facility with multiple interested parties.
Proceeds to be used to reduce outstanding debt and strengthen balance sheet.
CEO Dan Frierson states several parties have expressed interest in purchasing a facility.

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