Unifi agrees to sell two North Carolina real estate assets for about $60 million
UFI•Minimal operational impact expected
The transaction is expected to have minimal operational impact, with no downtime or change in production capacity at the Yadkin County campus.
Closing targeted for second fiscal quarter
Closing is targeted for the second fiscal quarter, subject to customary closing conditions.
Proceeds are earmarked for debt reduction, with the aim of improving financial flexibility.
Unifi to sell two non-strategic North Carolina assets
Unifi entered an agreement to sell two non-strategic real estate assets in Yadkin County, North Carolina for about $60 million in gross proceeds.
Assets include roughly 120 acres of land and 500,000 square feet of warehouse space across two operating locations.
