Unifi sells Madison NC facility for $53.2M to Enovum Data Centers; proceeds to repay debt

UNIFI INC

Sale price $53.2M cash; net book value of fixed assets was $9.0M as of Dec 29, 2024.
Expected closing May 15, 2025; $2.25M earnest deposit with $1.2M non-refundable.
Net proceeds will repay term loans and revolving loans under existing credit agreement.
Second Amendment to Credit Agreement permits the sale and allocation of proceeds.
Buyer is Enovum Data Centers Corp., a Canadian corporation.

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