Wells Fargo Capital Finance Arranges BlueLinx Amendment
BlueLinx Holdings said concurrent with the completion of a $40 million rights offering, the company’s previously announced amendment and extension to its $400 million U.S. revolving credit facility became effective.
As a result of the amendment and extension, BlueLinx said its existing $400 million credit facility was increased by $22.5 million to $422.5 million and the maturity date was extended to April 15, 2016.
The company said that Wells Fargo Capital Finance acted as sole lead arranger for the transaction. The bank group also includes: Regions Bank, Bank of America, JPMorgan Chase and TD Bank.
Atlanta, GA-based BlueLinx Holdings is a distributor of building products in North America.