BlueLinx repays debt under term loan, brings balance to $77.4 million

By Wendy Van Sickle

Columbus, Ohio, March 4 – BlueLinx Holdings Inc. repaid debt under its term loan with proceeds from sale-leaseback transactions totaling $7.5 million, according to a press release.

The transaction closed on Feb. 28.

Following the repayment, the balance of the term loan was about $77.4 million.

The company also entered into an amendment to its term loan facility under which it will no longer be subject to the quarterly total net leverage ratio covenant when the principal balance of the term loan is less than $45 million.

The amendment does not require BlueLinx to make payments on or reduce the term loan principal balance, and there was no amendment fee.

The distributor of building products is based in Marietta, Ga.

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