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Unifi Inc.to Buy Some of its Senior Debt

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.