BlueLinx amends revolver, reducing spreads, pushing out maturity

By Sara Rosenberg

New York, Jan. 30 - BlueLinx Corp. amended its revolving credit facility, reducing interest rates and unused fees, extending the maturity to May 7, 2011 and providing more flexibility for permitted acquisitions, according to an 8-K filed with the Securities and Exchange Commission Monday.

Under the amendment, the applicable margin can now range from Libor plus 100 to 250 basis points, based on EBITDA and availability.

The amendment was completed on Jan. 26.

Wachovia is the lead bank on the deal.

BlueLinx is an Atlanta-based distributor of building products.

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