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Stock impact report

BlueLinx Holdings Announces Update on Deleveraging Initiatives and Operations; Highlighted by Volume Gains and Active Discussions on Real Estate Opportunities

Bluelinx Holdings Inc. (BXC) 
Last bluelinx holdings inc. earnings: 3/10 05:16 pm Check Earnings Report
Company Research Source: GlobeNewswire
MARIETTA, Ga., Nov. 26, 2019 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced an update on its deleveraging initiatives and operations. The Company continues to actively explore sale leaseback and real estate sale opportunities, and expects to be able to announce further details on these activities in the coming weeks. In addition, on November 22, 2019, the Company filed a three-year, $50 million universal shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (SEC). Management Commentary Mitch Lewis, President and Chief Executive Officer, stated, “We are making good progress at various stages of several real estate monetization opportunities through sale leasebacks and outright sales from our $100 million portfolio of owned real estate. We believe these efforts should generate meaningful debt reduction in the next 60 days. In addition, Show less Read more
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