Wells Fargo and Bank of America will arrange a $750 million revolving credit facility to support BlueLinx’s acquisition of Cedar Creek. BlueLinx also has a commitment from HPS Partners for a $180 million term loan, subject to certain conditions.
BlueLinx Holdings closed a new five-year $335 million syndicated secured asset-based revolving credit facility. Wells Fargo served as administrative agent.
BlueLinx Holdings said, concurrent with the completing of a rights offering, its amendment to increase its revolver to $422.5 million became effective. Wells Fargo Capital Finance acted as sole lead arranger for the transaction.