BlueLinx to pay down term loan with proceeds of sale-leaseback

By Rebecca Melvin

New York, May 20 – BlueLinx Holdings Inc. plans to repay debt under its term loan with proceeds of a sale-leaseback transaction, according to a company news release.

The company completed the sale-leaseback for its distribution facility in University Park, Ill., for $23 million.

Upon completion of the transaction, the company entered a long-term lease with multiple renewal options on the property.

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

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