Unifi Inc.to Buy Some of its Senior Debt
March 8, 2009-- Home Textiles Today,
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.
Related Content By Author
Countdown to Heimtextil 2015 - Part 3