BlueLinx provides a wide range of value-added services and solutions to our customers and suppliers. With a strong market position, broad geographic coverage footprint servicing 40 states, and the strength of a locally-focused sales force, we distribute our comprehensive range of products to over 15,000 national, regional, and local dealers, specialty distributors, national home centers, and manufactured housing customers. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, metal building products, and other construction materials. This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any securities.īlueLinx (NYSE: BXC) is a leading U.S. The 2029 Notes are not registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. I want to thank my BlueLinx colleagues, bank group, lenders and partners for their many contributions during this process, the culmination of which resulted in a successful outcome for both our Company and its investors.” Importantly, this transaction is net-leverage neutral, as we intend to use cash proceeds from the issuance to pay down our existing revolving credit facility balance. “Our newly issued tranche of senior secured notes, when taken in combination with our long-dated $350 million revolving credit facility, provide a more robust capital structure capable of supporting our next phase of profitable growth. “This financing serves to significantly increase our borrowing capacity with long-dated capital at an attractive fixed rate,” stated Dwight Gibson, President and CEO of BlueLinx. The 2029 Notes and the related guarantees will also be secured on a second-priority basis by a lien on the ABL Collateral. The 2029 Notes and the related guarantees will be secured by a first-priority security interest in substantially all of the Company’s and each guarantor’s existing and future assets (other than receivables, inventory, deposit accounts, securities accounts, business interruption insurance and other related assets (the “ABL Collateral”)), subject to certain exceptions and customary permitted liens. The Company’s obligations under the 2029 Notes will be guaranteed by the Company’s domestic subsidiaries that are co-borrowers under or guarantee the Company’s revolving credit facility. The 2029 Notes were priced to investors at 98.625% of their principal amount and will mature on November 15, 2029. persons outside the United States under Regulation S under the Securities Act. wholesale distributor of building products, announced today that the Company has completed its previously announced offering of $300 million aggregate principal amount of its 6.00% Senior Secured Notes due 2029 (the “2029 Notes”) in a private offering to persons reasonably believed to be “qualified institutional buyers,” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and non-U.S. (NYSE: BXC) (the “Company”), a leading U.S. 25, 2021 (GLOBE NEWSWIRE) - BlueLinx Holdings Inc.
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