BlueLinx Announces Public Secondary Offering by Selling Stockholder
October 10 2017 - 6:21AM
BlueLinx Holdings Inc. (“BlueLinx”) (NYSE:BXC), a leading
distributor of building and industrial products in the United
States, today announced that Cerberus ABP Investor LLC, a
stockholder affiliated with Cerberus Capital Management L.P., (the
“Selling Stockholder”), has commenced an underwritten secondary
offering of 3,863,850 shares of BlueLinx common stock. The Selling
Stockholder also intends to grant the underwriter a 30-day option
to purchase up to an additional 579,578 shares of BlueLinx common
stock. BlueLinx is not selling any common stock in, and will not
receive any proceeds from, the offering.
BTIG, LLC is acting as the sole underwriter for the
offering.
This offering is being made pursuant to an effective shelf
registration statement (including a prospectus) (File No.
333-220189). A preliminary prospectus supplement relating to the
offering will also be filed with the Securities and Exchange
Commission (“SEC”). Before you invest, you should read the
prospectus in that registration statement, the preliminary
prospectus supplement and other documents the issuer has filed with
the SEC for more complete information about BlueLinx, the Selling
Stockholder and this offering. Copies of the preliminary prospectus
related to the offering may be obtained by contacting BTIG, LLC, at
825 Third Avenue, 6th Floor, New York, NY, 10022, by telephone at
(212) 593-7555 or by e-mail at
equitycapitalmarkets@btig.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of these securities, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
About BlueLinx Holdings Inc.
BlueLinx Holdings Inc., operating through its wholly owned
subsidiary BlueLinx Corporation, is a leading distributor of
building and industrial products in the United States. The Company
is headquartered in Atlanta, Georgia and operates its distribution
business through its broad network of distribution centers.
BlueLinx is traded on the New York Stock Exchange under the symbol
BXC.
Forward-looking Statements
This press release includes “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements relating to our ability to return to
profitability, and our guidance regarding anticipated financial
results. All of these forward-looking statements are based on
estimates and assumptions made by our management that, although
believed by BlueLinx to be reasonable, are inherently uncertain.
Forward-looking statements involve risks and uncertainties,
including, but not limited to, economic, competitive, governmental,
and technological factors outside of BlueLinx’s control that may
cause its business, strategy or actual results to differ materially
from the forward-looking statements. These risks and uncertainties
may include, among other things: changes in the prices, supply
and/or demand for products that it distributes, inventory
management and commodities pricing; new housing starts and
inventory levels of existing homes for sale; general economic and
business conditions in the United States; acceptance by our
customers of our privately branded products; financial condition
and creditworthiness of our customers; supply from our key vendors;
reliability of the technologies we utilize; the activities of
competitors; changes in significant operating expenses; fuel costs;
risk of losses associated with accidents; exposure to product
liability claims; changes in the availability of capital and
interest rates; adverse weather patterns or conditions; acts of
cyber intrusion; variations in the performance of the financial
markets, including the credit markets; and other factors described
in the “Risk Factors” section in the prospectus supplement and the
accompanying prospectus relating to this offering, as well as in
the Company’s Annual Report on Form 10-K for the year ended
December 31, 2016, its Quarterly Reports on Form 10-Q, and in its
periodic reports filed with the Securities and Exchange Commission
from time to time. Given these risks and uncertainties, you are
cautioned not to place undue reliance on forward-looking
statements. BlueLinx undertakes no obligation to publicly update or
revise any forward-looking statement as a result of new
information, future events, and changes in expectation or
otherwise, except as required by law.
BlueLinx Contact Information:
Susan O’Farrell, SVP, CFO
& Treasurer
BlueLinx Holdings Inc. (770) 953-7000 |
Natalie Poulos,
Investor Relations
BlueLinx Holdings Inc. (866) 671-5138
Investor@bluelinxco.com |
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