Unifi make cash offer for some of its senior debt
Bessie Nestoras -- Gifts & Dec, March 4, 2009
Greensboro, N.C. – Textured polyester and nylon fiber producer Unifi Inc. has begun a cash tender offer for up to $8.78 million in aggregate principal amount of its 11.5% senior secured notes due 2014.
Unifi said it is acting “to utilize the Excess Collateral Proceeds” it has accumulated.
The company said that some $190 million in aggregate principal amount of the notes are currently outstanding.
The cash offer is open through end of business on March 31.
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