secwatch.observer — SEC 8-K summary
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Issuer:     UNIFI INC (UFI)
CIK:        0000100726
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0000950170-25-054775
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100726/000095017025054775/0000950170-25-054775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100726/000095017025054775/ufi-20250410.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-054775

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