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Stock Market & Financial Investment News

News Breaks
March 27, 2013
18:05 EDTBXCBlueLinx announces expiration of $40M rights offering
BlueLinx Holdings announced the expiration of the subscription period for its previously announced $40M rights offering. The subscription period for the rights offering expired at 5:00 pm ET. The rights offering was over subscribed and, as a result, BlueLinx expects to receive net proceeds of approximately $38.7M from the offering. Following the issuance of the newly subscribed shares BlueLinx will have approximately 86.6M total shares outstanding.
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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