---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-118601"
form_type: "8-K"
ticker: "UFI"
cik: "0000100726"
company_name: "UNIFI INC"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T07:55:29.602305+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0000950170-24-118601
- form_type: 8-K
- ticker: UFI
- cik: 0000100726
- company_name: UNIFI INC
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100726/000095017024118601/0000950170-24-118601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100726/000095017024118601/ufi-20241025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-118601
- JSON: https://secwatch.observer/filing/0000950170-24-118601.json
- Plain text: https://secwatch.observer/filing/0000950170-24-118601.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.