0001301787-16-000238.txt : 20161115 0001301787-16-000238.hdr.sgml : 20161115 20161115063733 ACCESSION NUMBER: 0001301787-16-000238 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20161115 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161115 DATE AS OF CHANGE: 20161115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlueLinx Holdings Inc. CENTRAL INDEX KEY: 0001301787 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-LUMBER, PLYWOOD, MILLWORK & WOOD PANELS [5031] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32383 FILM NUMBER: 161997774 BUSINESS ADDRESS: STREET 1: 4300 WILDWOOD PARKWAY CITY: ATLANTA STATE: GA ZIP: 30339 BUSINESS PHONE: 770-953-7000 MAIL ADDRESS: STREET 1: 4300 WILDWOOD PARKWAY CITY: ATLANTA STATE: GA ZIP: 30339 8-K 1 a8-ksandiegosale2016.htm 8-K Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): November 15, 2016
 
BLUELINX HOLDINGS INC.
(Exact name of registrant specified in its charter)
 
Delaware
001-32383
77-0627356
(State or other
(Commission
(I.R.S. Employer
jurisdiction of
incorporation)
File Number)
Identification No.)
 
 
4300 Wildwood Parkway, Atlanta, Georgia
30339
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code: (770) 953-7000
 
Not applicable
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 8.01    Other Events

On November 15, 2016, BlueLinx Holdings Inc. (“BlueLinx” or “the Company”) issued a press release announcing the sale of the Company’s non-operating facilities located in the San Diego and Detroit markets, while providing an update on the Company’s real estate optimization efforts. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information included in this Item 8.01, as well as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01     Financial Statements and Exhibits

(d)        Exhibits

Exhibit No.
 
Description
99.1
 
Press release






SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 
BlueLinx Holdings Inc.
 
 
 
(Registrant)
 
 
 
 
 
Dated: November 15, 2016
By:
/s/ Shyam K. Reddy
 
 
 
Shyam K. Reddy
 
 
 
Senior Vice President, General Counsel, and Corporate Secretary

 


 
 



EX-99.1 2 ex991pressrelease-sdsale20.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1



bxclogoa17.jpg
4300 Wildwood Parkway
Atlanta, GA  30339
1-888-502-BLUE
www.BlueLinxCo.com

BlueLinx Contact Information:
 
 
Susan O’Farrell, SVP, CFO & Treasurer
 
Natalie Poulos, Investor Relations
BlueLinx Holdings Inc.
 
BlueLinx Holdings Inc.
(770) 953-7000
 
(770) 953-7522
 
 
investor.relations@bluelinxco.com

FOR IMMEDIATE RELEASE

BlueLinx Continues to Advance Delevering Strategy with Two Additional Property Sales

ATLANTA - November 15, 2016 - BlueLinx Holdings Inc. (NYSE:BXC), announced today that it has completed the sale of two non-operating facilities in National City, California, and Ypsilanti, Michigan, which BlueLinx previously used to serve the San Diego and Detroit Markets, respectively. The sale of these two facilities generated aggregate net proceeds of approximately $15.8 million. With these sales, BlueLinx has realized approximately $33.0 million in net proceeds from real estate sales since announcing its deleveraging plan. All net proceeds arising out of these real estate efforts are being used to pay down BlueLinx’s mortgage and reduce overall debt levels.

BlueLinx has other non-operating facilities under contract with various purchasers; these transactions are expected to generate additional net proceeds that will enable it to reduce its debt further by the end of first quarter 2017, subject to satisfaction of customary closing conditions. BlueLinx also continues to actively market several company-owned operating facilities for possible sale leaseback transactions as part of its real estate sale optimization efforts. There can be no assurance, however, that any of these pending or potential sales will close on favorable terms, or at all.

About BlueLinx Holdings Inc.
BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building products in the United States. The Company is headquartered in Atlanta, Georgia and operates its distribution business through its national network of distribution centers. BlueLinx is traded on the New York Stock Exchange under the symbol BXC. Additional information about BlueLinx can be found on its website at www.BlueLinxCo.com.
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 our ability to return 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; general economic and business conditions in the United States; the activities of competitors; changes in significant operating expenses; changes in the availability of capital and interest rates; adverse weather patterns or conditions; acts of cyber intrusion; the Company’s ability to realize expected net proceeds from its real estate sales optimization efforts to meet the debt reduction obligations under the

1



Company’s mortgage; and other factors described in the “Risk Factors” section in the Company’s Annual Report on Form 10-K for the year ended January 2, 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 expectation or otherwise, except as required by law.



2
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