secwatch.observer — SEC 8-K summary
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Issuer:     UNIFI INC (UFI)
CIK:        0000100726
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118601
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100726/000095017024118601/0000950170-24-118601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100726/000095017024118601/ufi-20241025.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118601

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