BlueLinx repays term loan, revolver debt via sale-leaseback proceeds

By Sarah Lizee

Olympia, Wash., June 24 – BlueLinx Holdings Inc. repaid debt under its term loan and revolving credit facility using proceeds from a sale-leaseback transaction, according to an 8-K filing with the Securities and Exchange Commission.

The company said it completed the sale-leaseback transaction with affiliates of Brennan Investment Group relating to the company’s warehouse facility located in Yulee, Fla., for a purchase price of $22 million.

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

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