Bluelinx holdings inc. announces proposed private offering of senior secured notes

Marietta, ga., oct. 12, 2021 (globe newswire) -- bluelinx holdings inc. (nyse: bxc) (the “company”), a leading u.s. wholesale distributor of building products, announced today that, subject to market and other conditions, the company intends to offer (the “offering”) senior secured notes due 2029 generating aggregate gross proceeds of approximately $300 million. 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 abl credit facility. 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 2029 notes and the related guarantees will also be secured on a second-priority basis by a lien on the abl collateral.
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