Daily News: August 18, 2014

Wells Fargo Led Syndicate Extends BlueLinx Revolver

BlueLinx Holdings announced it entered into an amendment to its U.S. revolving credit agreement with a syndicate of banks led by Wells Fargo Bank. The amendment extends the $20 million loan component of the U.S. revolving credit facility through a maturity date of June 2015.

“This extension of the existing loan demonstrates our strong relationship with our banking partners and their confidence in BlueLinx,” said Mitch Lewis, president and chief executive officer. “This step continues to enhance our liquidity position and provides a solid foundation to continue to improve our financial performance and grow our business into the future.”

Atlanta, GA-based BlueLinx Holdings is a distributor of building products in North America. Employing approximately 1,800 people, BlueLinx offers greater than 10,000 products from over 750 suppliers to service approximately 11,500 customers nationwide.