Unifi®, Makers of Repreve, Announces An Agreement to Sell Non-Strategic Real Estate in the U.S.
UFI•Agreement to sell U.S. real estate
Aug. 17 (Reuters) - Unifi Inc UFI.N:
- Unifi®, makers of Repreve®, announces an agreement to sell non-strategic real estate in the U.S., with $60 million of expected gross proceeds to deleverage and transform the balance sheet.
- Unifi announces agreement to sell non-strategic U.S. real estate for $60 million.
- The deal is expected to close in Unifi's second fiscal quarter.
- Proceeds are to be used to reduce debt and enhance financial flexibility.
