ATLANTA, Jan. 24, 2017 (GLOBE NEWSWIRE) — BlueLinx Holdings Inc. (NYSE:BXC) appear today that it awash its Tampa, Florida, administration adeptness breeding about $4.8 actor in net gain while accompanying entering into a 15 year charter with assorted face-lifting options with the new buyer of the facility. BlueLinx intends to abide to use the adeptness to serve the Tampa breadth and surrounding markets.
BlueLinx will use the gain from this transaction to pay bottomward its mortgage antithesis and abate all-embracing debt levels. With this transaction, the Company has accomplished about $38.9 actor in net gain from assertive absolute acreage sales back announcement its deleveraging plan aftermost year. As ahead announced, BlueLinx has added non-operating accessories beneath arrangement and additionally continues to actively bazaar several company-owned operating accessories for auction leaseback transactions.
“We are admiring to allotment the acknowledged achievement of this added acreage sale, which exemplifies our connected focus on advantageous bottomward our absolute acreage mortgage,” said Susan O’Farrell, Senior Vice President and Chief Banking Officer.
About BlueLinx Holdings Inc.BlueLinx Holdings Inc., operating through its wholly endemic accessory BlueLinx Corporation, is a arch benefactor of architecture and automated articles in the United States. The Company is headquartered in Atlanta, Georgia, and operates its administration business through its civic arrangement of administration centers. BlueLinx is traded on the New York Stock Exchange beneath the attribute BXC. Added advice about BlueLinx can be begin on its website at www.BlueLinxCo.com.
Forward-looking StatementsThis columnist absolution includes “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995, including statements apropos to our adeptness to acknowledgment to profitability, and our advice apropos advancing banking results. All of these advanced statements are based on estimates and assumptions fabricated by our administration that, although believed by BlueLinx to be reasonable, are inherently uncertain. Advanced statements absorb risks and uncertainties, including, but not bound to, economic, competitive, authoritative and abstruse factors alfresco of BlueLinx’s ascendancy that may account its business, action or absolute after-effects to alter materially from the advanced statements. These risks and uncertainties may include, amid added things: changes in the prices, accumulation and/or appeal for articles that it distributes, accepted bread-and-er and business altitude in the United States; the activities of competitors; changes in cogent operating expenses; changes in the availability of basic and absorption rates; adverse acclimate patterns or conditions; acts of cyber intrusion; and added factors declared in the “Risk Factors” area in the Company’s Annual Report on Form 10-K for the year concluded January 2, 2016, its Quarterly Letters on Form 10-Q, and in its alternate letters filed with the Securities and Exchange Commission from time to time. Given these risks and uncertainties, you are cautioned not to abode disproportionate assurance on advanced statements. BlueLinx undertakes no obligation to about amend or alter any advanced account as a aftereffect of new information, approaching events, and changes in apprehension or otherwise, except as appropriate by law.
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