Industry News

BlueLinx Sells Denver Facility

BlueLinx Holdings has completed a sale-leaseback transaction for its owned distribution facility in Denver, Co., for $10.6 million.

BlueLinx Holdings has completed a sale-leaseback transaction for its owned distribution facility in Denver, Co., for $10.6 million.

As part of the deal, BlueLinx entered into a lease agreement for the property with multiple renewal options, demonstrating its long-term commitment to this local market.

Net proceeds from the sale-leaseback transaction were used to repay indebtedness under the company’s term loan, which has been reduced to approximately $57.8 million.

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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