Wells Leads BlueLinx Revolver Extension
BlueLinx Holdings amended its revolver with a syndicate of banks led by Wells Fargo Bank. Under the agreement, the existing $447.5 million U.S. revolving credit facility is extended until April 2017, and the $20 million Tranche A loan component of the revolving credit facility is extended until June 2016.
“The extension of our existing loan demonstrates the continued support of our banking partners. This creates a solid foundation that allows us to run our business and focus on our future growth,” said Mitch Lewis, president and CEO.
Susan O’Farrell, SVP and CFO, added, “We are pleased with the successful extension of our loan facility. This liquidity positions our business for success well into the future.”