Unifi to start roadshow Wednesday for $225 million eight-year notes via Lehman Brothers

By Paul A. Harris

St. Louis, May 9 - Unifi, Inc. will begin a roadshow on Wednesday for its $225 million offering of eight-year senior secured first-lien notes (expected ratings Caa1/CCC+), according to an informed source.

The roadshow is scheduled to conclude on May 17, with pricing expected thereafter.

Lehman Brothers has the books for the Rule 144A with registration rights offering. Banc of America Securities LLC is the joint lead manager.

The notes come with four years of call protection.

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

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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