Sales decline marginally at Unifi in FY'12

27 Jul '12

3 min read

Cash-on-hand as of June 24, 2012 was $10.9 million, and total outstanding debt was $121.6 million, which reflects a $47 million reduction of debt from the prior year end, June 26, 2011. "During the June 2012 quarter, we were pleased to announce the completion of our debt refinancing," said Ron Smith, Chief Financial Officer of Unifi.

"Our new bank facility and term B loan extend the maturity profile of our indebtedness and are expected to result in significant annual interest savings. The structure also provides us with the availability and flexibility we need to execute on our strategic objectives."

Unifi Inc. is a diversified producer and processor of multi-filament polyester and nylon textured yarns and related raw materials.

Unifi Inc

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