secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNIFI INC (UFI)
CIK:        0000100726
Form:       8-K
Filed at:   2022-09-08T23:59:59+00:00
Accession:  0001564590-22-031239
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unifi modifies Credit Agreement Trigger Level set at $16.5M for 60 days then greater of $10M or 20% of revolver
--------------------------------------------------------------------------------

- Sixth Amendment sets Trigger Level at Excess Availability below $16.5M for first 60 days, thereafter greatest of $10.0M, 20% of revolver, or 12.5% of revolver plus term loan.
- Existing $200M senior secured credit facility includes $100M revolver and up to $100M term loan resettable annually.
- Amendment effective September 2, 2022; lenders include Wells Fargo (agent) and Bank of America.
- No other changes to borrowing capacity or interest rates were disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100726/000156459022031239/0001564590-22-031239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100726/000156459022031239/ufi-8k_20220902.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-031239

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer