UNIFI INC (UFI): M&A transaction — Unifi sells Madison facility for $45M, reduces debt by $43.3M, expects >$20M annual cost savings

UNIFI INC

Sale of Madison, NC manufacturing facility closed May 20 for $45M; net proceeds used to reduce debt.
Term loan reduced by $25M to $67M; revolving loan reduced by $18.3M to $5.6M; total debt down ~$43.3M.
Company expects over $20M in annualized operating cost savings after transition and restructuring.
Potential deferred compensation up to $8M (2 yr) or $5M (3 yr) based on energy conditions; extra $5M possible (4 yr).

item 1.01 item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.98

UNIFI INC completed a disposition involving Enovum NC-1 Bidco, LLC for $45 million (closed 2025-05-20).

Action: disposition
Counterparty: Enovum NC-1 Bidco, LLC
Consideration: $45 million
Closing: 2025-05-20

Exact text from the filing

(the “Closing”) to May 20, 2025, (b) waive the Energy Study Contingency (as defined in the Amended Purchase Agreement), and (c) reduce the purchase price payable at Closing to $45 million, subject to the potential payment of deferred compensation to UMI in the amount of (i) $8.0 million, if certain energy supply conditions are met within two years of Closing, (ii)

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Source: SEC EDGAR

accession 0001193125-25-123665

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