Boston, MA 08/15/2014 (wallstreetpr)– BlueLinx Holdings Inc. (NYSE:BXC) has decided to enter into an amendment to its US credit agreement with the syndicate of banks. All those banks were led by Wells Fargo Bank, N.A. The amendment will make it possible to extend the $20 million loan component of the credit facility with a maturity date of June 2015.
Management’s Call On This Transaction:
The management of the company seems very proud and confident about this deal. In the words of Mitch Lewis, Chief Executive Officer and Chairman of BlueLinx Holdings Inc. (NYSE:BXC), “The extension in the loan doesn’t only reveal the trust that banks have on us, but also the strong relationship that we share with all the banking partners.” The company has performed significantly well in the last couple of years. Most of the banks share a healthy relation with the company due to its strong creditworthiness.
When reporters tried to take further inputs from Mitch about this deal and future prospective, then he said, “The recent extension from banking partners has proved their trust on our capabilities. It will help us to enhance our liquidity position and form a solid foundation for excellent financial performance in the near future.” The management of the company is quite confident about the growth in business as well as operational activities in the future. The main reason behind it is a solid performance in the recent past.
Further details about the loan extension and the amendment have been submitted to the Security Exchange Board of Us via form 8-K. BlueLinx Holdings Inc. (NYSE:BXC) is a leading name in building material industry in North America and has headquarters in Georgia and Atlanta. It employs around 1800 people and serves more than 750 suppliers with over 10,000 products. The company has delivered promising financial results in the past that has helped it building trust in the eyes of banking partners. After the current extension, BXC has got more confidence about its growth and development in next few years.
