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


BlueLinx Amends, Extends Credit Facility with WFCF, Others

April 01, 2013, 03:03 PM
Filed Under: Distribution

BlueLinx Holdings Inc., a leading distributor of building products in North America, announced the successful completion of its previously announced $40 million rights offering. The company announced previously that it would use the net proceeds of the rights offering of approximately $38.7 million to reduce the outstanding balance of its U.S. revolving credit facility.

Concurrent with the completion of the rights offering, the company's previously announced amendment and extension to its $400 million U.S. revolving credit facility became effective. As a result of the amendment and extension, the company's existing $400 million credit facility was increased by $22.5 million to $422.5 million and the maturity date was extended to April 15, 2016. Wells Fargo Capital Finance acted as sole lead arranger for the transaction. The bank group also includes Regions Bank, Bank of America, N.A., JP Morgan Chase Bank, N.A., and TD Bank, N.A

Headquartered in Atlanta, Georgia, BlueLinx Holdings Inc. employs approximately 1,900 people, BlueLinx offers greater than 10,000 products from over 750 suppliers to service approximately 11,500 customers nationwide, including dealers, industrial manufacturers, manufactured housing producers and home improvement retailers.

Week's News

Comments From Our Members

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