BlueLinx repays term loan’s full $16 million balance via revolver

By Wendy Van Sickle

Columbus, Ohio, April 5 – BlueLinx Holdings Inc. repaid the outstanding $16 million principal balance under its term loan using availability under its revolver, according to a press release.

The transaction closed on April 2.

“Our voluntary repayment of the term loan reduces cash interest expense and further simplifies our capital structure, which is consistent with our disciplined approach to managing our balance sheet,” stated Kelly Janzen, chief financial officer of BlueLinx, in the release. “Given the continued, underlying strength of our end-markets and strategic approach to managing working capital, we remain focused on deleveraging, while maintaining ample liquidity to support our profitable growth objectives.”

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

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