FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


BlueLinx, Wells Fargo Increase Facility to $447.5MM; Adds PNC to Lending Group

June 28, 2013, 08:06 AM
Filed Under: Distribution

BlueLinx Holdings, a leading distributor of building products in North America, has entered into an amendment to its U.S. revolving credit agreement that increases the amount of its credit facility to $447.5 million from $422.5 million.

Under terms of the agreement, PNC Bank joins the syndicate of existing lenders and will provide a loan commitment in the amount of $25.0 million, utilizing $25.0 million of the Company's $100.0 million uncommitted accordion credit facility. All other material terms of the credit agreement remain substantially the same.

The existing lenders are: Wells Fargo Bank, N.A., Administrative and Collateral Agent; Regions Bank; Bank of America, N.A.; JP Morgan Chase, N.A.; and TD Bank, N.A.

"We welcome our new lender and are appreciative of the ongoing support of our existing lenders," said Doug Goforth, BlueLinx' chief financial officer and treasurer. "Given this support, BlueLinx can continue with its focus on strengthening our business."

Headquartered in Atlanta, GA, BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building products in North America.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.