BlueLinx Holdings Inc. announced it has executed an agreement for a new five-year, $350 million syndicated secured asset-based revolving credit facility (ABL Facility). This facility provides the company with enhanced financial flexibility.
The new ABL Facility includes an option to increase total commitments by up to $300 million, subject to certain conditions and lender consent. This strengthens BlueLinx's liquidity position and supports its strategic initiatives.
This financing move ensures robust capital availability for BlueLinx's operations and growth strategies. It underscores the company's ability to manage its capital structure effectively.
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