Unifi announces $225 million eight-year note offering

St. Louis, May 8 - Unifi, Inc. is offering $225 million of eight-year senior secured notes via Rule 144A, the company said in a news release on Monday.

The company will also enter into an amended and restated senior secured asset-based revolving credit facility.

Proceeds will be used to fund the tender for its 6½% senior notes due 2008.

No other information about the notes was disclosed in the news release, and the company could not be reached for comment.

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

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