$UFI

Unifi to Sell 2 Non-Strategic Real Estate Assets in North Carolina for $60 Million

Unifi (UFI) said Monday it has agreed to sell two non-strategic assets across its operating base in Yadkin County, North Carolina, for about $60 million.The assets being sold include about 120 acres of land and 500,000 square feet of warehouse space across two separate operating locations in Yadkin County, the company said.Following the completion of the deal, Unifi will retire a "substantial" amount of debt and improve its financial flexibility, according to a statement by Chief Executive Officer Eddie Ingle.The sale is slated to close in the company's fiscal Q2.Shares of the company were up over 8% in Monday premarket activity.Price: $7.00, Change: $+0.55, Percent Change: +8.53%