Unifi enters $25M revolver with Wells Fargo; board member Langone provides collateral

UNIFI INC

$25 million revolving credit facility with Wells Fargo; maturity earlier of Oct 2027 or refinancing of existing ABL.
Interest at Daily Simple SOFR + 0.90% per annum; unused line fee of 0.25% per month.
Facility secured by assets of director Kenneth G. Langone; he receives no compensation to maintain independence.
No financial covenants; no scheduled principal repayments; borrowers may prepay subject to existing ABL constraints.
Proceeds available for general corporate purposes; existing ABL credit agreement remains in place.

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