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January 17, 2014
07:21 EDTBXCBlueLinx appoints Mitchell Lewis as CEO
BlueLinx Holdings announced that Mitchell Lewis has accepted the position of president and CEO effective as of January 20. At that time, Lewis also will be appointed as a member of the board. Most recently, Lewis served as a president, CEO and director of Euramax Holdings.
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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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