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Stock Market & Financial Investment News

News Breaks
December 28, 2012
10:33 EDTBXCTeamsters strike at BlueLinx expands to California
An unfair labor practice strike by Teamsters at Local 769 in Miami at BlueLinx Corp. has spread to Northern California, where members of Teamsters Local 853 are now honoring picket lines. Local 769 Teamsters were forced to strike Dec. 17 in Florida because of mistreatment by executives at BlueLinx, a wholly owned subsidiary of Atlanta-based BlueLinx Holdings.
News For BXC From The Last 14 Days
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February 1, 2016
17:51 EDTBXCBlueLinx receives listing non-compliance notice from NYSE
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17:50 EDTBXCBlueLinx awarded three-year real estate loan extension
BlueLinx has entered into a term sheet with its existing real estate lenders, pursuant to which the term of its outstanding $159.8M estate loan will be extended for three years. Key terms of the extension also include a new maturity date of July 1, 2019; interest-only at an annual rate of 6.35%; principal pay-down of at least $60M by July 1, 2017, and at least an additional $55M pay-down by July 1, 2018. BlueLinx anticipates that the loan extension transaction will close in the next few weeks. BlueLinx received an independent third-party desktop valuation of its real estate portfolio in November 2015, which estimated the operating value of its properties in the $332M-$352M range. The current outstanding principal balance on the real estate loan is approximately $157.8M net of $2.0M in certain reserves.

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