BlueLinx Announces Completion of Nine-Property Sale-Leaseback Transaction; $34 Million in Net Proceeds Results in Significant Debt Repayment
Bluelinx Holdings Inc. (BXC)
Last bluelinx holdings inc. earnings: 3/10 05:16 pm
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US:NYSE Investor Relations:
bluelinxco.com/investors/investor-relations
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Source: GlobeNewswire
MARIETTA, Ga., Feb. 03, 2020 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced that it has completed sale-leaseback transactions covering nine properties for aggregate net cash proceeds of $34 million, which were used to repay indebtedness under the Company’s term loan. The transactions closed on January 31, 2020. Management Commentary Mitch Lewis, President and Chief Executive Officer, stated, “I am pleased to announce the closing of these sale-leaseback transactions, which generated an additional $34 million in net cash proceeds for debt repayment. Generating value from our owned real-estate has been a key component in our deleveraging initiatives, and it is noteworthy that over the past twelve months, we have successfully executed on this aspect of our long-term strategic plan.” Term Loan Information Following the repayment described above, the balance of the Company’s term
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BXC
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 11/8/24 - Form 8-K
- BXC's page on the SEC website