BlueLinx Holdings Inc. announced a new five-year, $350 million syndicated secured asset-based revolving credit facility.
The facility includes an option to increase commitments by up to $300 million under certain conditions.
The new facility replaces the Company's existing $350 million credit facility that expired on August 2, 2026.
New Financing Agreement
BlueLinx secured a $350 million syndicated secured asset-based revolving credit facility with an option to increase by $300 million, providing financial flexibility.
Maturity Date
The ABL Facility matures on August 27, 2030, ensuring long-term financial support.
Lender Appreciation
BlueLinx expressed appreciation to both current and new lenders for their support and confidence in the Company's strategy.
- The new ABL Facility enhances BlueLinx's liquidity with a total of approximately $730 million, enabling strategic growth initiatives.
- The favorable terms of the facility provide the Company with significant flexibility in executing its long-term plans.
BlueLinx Holdings Inc.'s new asset-based lending facility signifies a positive step towards financial strength and strategic growth. With increased liquidity and favorable terms, the Company is well-positioned for future expansion and value creation.