Greensboro, NC, May 9, 2006--Unifi said it plans to commence a private placement offering of $225 million of Senior Secured Notes due 2014.
In conjunction with the offering of the notes, the company will also enter into an amendment and restatement of its existing senior secured asset-based revolving credit facility.
The company intends to use a portion of the net proceeds from this proposed offering to complete its currently ongoing tender offer and consent solicitation for all of its outstanding 6-1/2% Senior Notes due 2008.
