secwatch.observer — SEC 8-K summary
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Issuer:     UNIFI INC (UFI)
CIK:        0000100726
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0000950170-24-104410
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unifi amends credit agreement, reduces revolver to $80M and modifies margin rates
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- Revolver capacity cut from $115M to $80M; outstanding term loan was $98.9M on Sept 5, 2024.
- Amendment permits sale of Yadkinville, NC warehouse; net proceeds to reduce revolver, not term loan.
- SOFR margin raised to 1.50%-2.00% and Base Rate margin to 0.50%-1.00% until fixed charge coverage ratio >=1.05x.
- Company paid lenders a $195,000 aggregate fee; term loan reset now requires lender approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100726/000095017024104410/0000950170-24-104410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100726/000095017024104410/ufi-20240905.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-104410

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