Unifi Sells $60M in Non-strategic Real Estate to Reduce Debt
Unifi has entered an agreement to sell two non-strategic real estate assets located in Yadkin County, North Carolina. The sale includes approximately 120 acres of land and 500,000 square feet of warehouse space for $60 million. This move is part of the company's strategy to reduce debt following years of financial challenges. The property will be acquired by WhiteFiber through its subsidiary Enovum Data Centers Corp., which is currently developing a $1 billion data center at Unifi’s former Madison facility, also sold in 2025. The transaction is expected to close in the fourth quarter and has minimal impact on Unifi's ongoing operations. Unifi CEO Eddie Ingle emphasized that this sale aligns with efforts to streamline operations and improve financial flexibility. Recent quarters have seen improved net losses compared to prior years, though geopolitical disruptions and tariffs continue to affect global performance.
Topics: data_center_development debt_reduction real_estate_transaction