(Atlanta) - BlueLinx Holdings Inc. ("BlueLinx") announced today that it has filed with the Securities and Exchange Commission a registration statement on Form S-1 for an initial public offering of its common stock. BlueLinx intends to apply to have its shares listed on the New York Stock Exchange under the ticker symbol “BXC.” The initial public offering is expected to take place later this year.
BlueLinx intends to use the proceeds from the offering to repay its operating company's $100 million term loan, redeem a portion of its outstanding series A preferred stock and for general corporate purposes.
Goldman, Sachs & Co. is acting as sole book-running manager of the potential offering. Morgan Stanley will be a joint-lead manager while Credit Suisse First Boston and Lehman Brothers will act as co-managers of the potential offering. A copy of the prospectus relating to the shares may be obtained, when available, from Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY 10004 (Telephone: 212-902-1171).
A registration statement relating to the common stock has been filed with the Securities and Exchange Commission but has not yet been declared effective. The common stock may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release is not an offer to sell the common stock and it is not an offer to buy the common stock in any jurisdiction where the offer or sale is not permitted. Any offer, if at all, will be made only by means of a prospectus forming a part of the effective registration statement.
About BlueLinx Holdings Inc.
Headquartered in Atlanta, Georgia, BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is the largest building products distributor in the United States. Employing more than 3,300 people in North America, BlueLinx offers 10,000 products from over 750 suppliers to service an estimated 11,700 customers, including dealers, industrial manufacturers, manufactured housing producers and home improvement retailers. The Company operates its distribution business from sales centers in Atlanta and Denver, and its network of 63 warehouses and third-party warehouses.
Statements contained in this press release that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements are based on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. BlueLinx' actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. BlueLinx undertakes no obligation to publicly update or revise any forward-looking statement.
Contact Information:
(updated as of 9/24/04)
Lippert/Heilshorn Investor Relations
Jody Burfening
212-838-3777