UNIFI to Sell Non-Strategic Real Estate for $60M to Slash Debt
UFI has more than doubled off its 52-week low of $2.96.
Summary
UNIFI has agreed to sell two non-strategic real estate assets in Yadkin County, NC for approximately $60 million before fees. The assets include 120 acres of land and 500,000 square feet of warehouse space. The company expects the deal to close in its second fiscal quarter, subject to closing conditions. Proceeds will be used to retire a substantial amount of debt, improving financial flexibility. This follows a Q3 fiscal 2026 turnaround with positive gross profit and reduced debt. The sale is expected to have minimal operational impact, with no downtime or changes to production capacity. The $60 million gross proceeds are material relative to the company's $120 million market cap, making this a significant deleveraging event.
At the time of this announcement, UFI was trading at $6.45 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $119.9M. The 52-week trading range was $2.96 to $7.38. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.