Attached files
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8-K - FORM 8-K - BlueLinx Holdings Inc. | c21523e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - BlueLinx Holdings Inc. | c21523exv10w1.htm |
EX-10.2 - EXHIBIT 10.2 - BlueLinx Holdings Inc. | c21523exv10w2.htm |
Exhibit 99.1
4300 Wildwood Parkway
Atlanta, GA 30339
1-888-502-BLUE
www.BlueLinxCo.com
Atlanta, GA 30339
1-888-502-BLUE
www.BlueLinxCo.com
BlueLinx Contacts:
Doug Goforth, CFO & Treasurer
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Investor Relations: | |
BlueLinx Holdings Inc.
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Maryon Davis, Director Finance & IR | |
(770) 953-7505
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(770) 221-2666 |
FOR IMMEDIATE RELEASE
BLUELINX ANNOUNCES NEW CANADIAN CREDIT AGREEMENT
$10 Million Revolving Credit Facility
$10 Million Revolving Credit Facility
ATLANTA August 16, 2011 BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building
products in North America, today announced that its indirect subsidiary BlueLinx Building Products
Canada Ltd. has entered into a revolving credit agreement with CIBC Asset-Based Lending Inc. The
new credit facility provides for borrowing capacity of up to $10 million and has a term of three
years, maturing on August 12, 2014. In addition, the credit facility provides for an additional $5
million uncommitted accordion credit facility, which would permit the Company to increase the
maximum amount of borrowing capacity up to $15 million.
Further details concerning the agreement are contained in the Companys Current Report on Form 8-K,
which has been filed with the Securities and Exchange Commission.
We are pleased to secure this new revolving credit facility with CIBC, commented Doug Goforth,
BlueLinx chief financial officer and treasurer. The availability of this new credit facility
provides us additional financial flexibility to execute our growth plans at attractive rates and
enhances our liquidity position.
About BlueLinx Holdings Inc.
Headquartered in Atlanta, Georgia, BlueLinx Holdings Inc., operating through its wholly owned
subsidiary BlueLinx Corporation, is a leading distributor of building products in North America.
Employing approximately 2,000 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. The Company operates
its distribution business from sales centers in Atlanta and Denver, and its network of 60
distribution centers. BlueLinx is traded on the New York Stock Exchange under the symbol BXC.
Additional information about BlueLinx can be found on its Web site at
www.BlueLinxCo.com.
BlueLinx Canadian Credit Facility Press Release
Page 2 of 2
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Forward-looking Statements
This press release includes forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements relating to our outlook on the
housing industry. All of
these forward-looking statements are based on estimates and assumptions made by our management
that, although believed by BlueLinx to be reasonable, are inherently uncertain. Forward-looking
statements involve risks and uncertainties, including, but not limited to, economic, competitive,
governmental and technological factors outside of BlueLinx control that may cause its business,
strategy or actual results to differ materially from the forward-looking statements. These risks
and uncertainties may include, among other things: changes in the supply and/or demand for products
that it distributes, especially as a result of conditions in the residential housing market;
general economic and business conditions in the United States; the activities of competitors;
changes in significant operating expenses; changes in the availability of capital, including the
availability of residential mortgages; the ability to identify acquisition opportunities and
effectively and cost-efficiently integrate acquisitions; adverse weather patterns or conditions;
acts of war or terrorist activities; variations in the performance of the financial markets; and
other factors described in the Risk Factors section in the Companys Annual Report on Form 10-K
for the year ended January 1, 2011 and in its periodic reports filed with the Securities and
Exchange Commission from time to time. Given these risks and uncertainties, you are cautioned not
to place undue reliance on forward-looking statements. BlueLinx undertakes no obligation to
publicly update or revise any forward-looking statement as a result of new information, future
events, changes in expectation or otherwise, except as required by law.
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