BlueLinx Announces Pricing of Public Secondary Offering by Selling Stockholder
October 18 2017 - 11:32PM
BlueLinx Holdings Inc. (“BlueLinx”) (NYSE:BXC), a leading
distributor of building and industrial products in the United
States, today announced the pricing of its previously announced
underwritten secondary offering of 3,863,850 shares of BlueLinx
common stock by Cerberus ABP Investor LLC, a stockholder affiliated
with Cerberus Capital Management L.P., (the “Selling Stockholder”),
at a price of $7.00 per share. In connection with this offering,
the Selling Stockholder has granted the underwriter a 30-day option
to purchase up to an additional 579,578 shares of BlueLinx common
stock at the public offering price. BlueLinx is not selling any
common stock in, and will not receive any proceeds from, the
offering.
The offering is expected to close on October 23,
2017, subject to satisfaction of customary closing conditions.
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 final prospectus supplement and
accompanying prospectus relating to the offering will be filed with
the Securities and Exchange Commission (“SEC”) and will be
available on the SEC’s website at www.sec.gov. Copies of the final
prospectus related to the offering may be obtained, when available,
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 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 expectations 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
RelationsBlueLinx Holdings Inc. (866) 671-5138
Investor@bluelinxco.com |
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