debt
confidence high
sentiment neutral
materiality 0.55
BlueLinx enters new $350M ABL credit facility maturing 2030
BlueLinx Holdings Inc.
- New five-year $350M secured ABL facility replaces existing $350M credit facility expiring 2026.
- Matures August 27, 2030; uncommitted accordion allows up to $300M additional borrowing.
- Interest at SOFR + 1.25%-1.75% or base rate + 0.25%-0.75% based on excess availability.
- Proceeds used to repay prior facility and for general corporate purposes.
- Total liquidity of ~$730M including strong cash position, per CFO.