“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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