Unifi to get $140 million of new debt, tap revolver for notes tender

By Sara Rosenberg

New York, Jan. 3 - Unifi Inc. plans to get $140 million of debt financing and use borrowings under its revolving credit facility to help fund the tender offer for its 11½% senior secured notes due 2014, according to a news release.

Other funds for the tender offer will come from cash on hand.

The tender will expire on Jan. 26.

Unifi is a Greensboro, N.C.-based producer and processor of multi-filament polyester and nylon textured yarns and related raw materials.

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