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Bluelinx Holdings Inc Completes $40 Million Rights Offering

Friday, 29 Mar 2013 01:40pm EDT 

Bluelinx Holdings Inc announced the completion of its previously announced $40 million rights offering. The Company announced previously that it would use the net proceeds of the rights offering of approximately $38.7 million to reduce the outstanding balance of its U.S. revolving credit facility. Following the issuance of the newly subscribed shares, which is expected to occur on or about April 1, 2013, BlueLinx will have approximately 86,612,039 total shares outstanding. After giving effect to the offering, Cerberus ABP Investor LLC beneficially owns approximately 54.4% of BlueLinx' common stock. 

Company Quote

23 Oct 2014