BlueLinx Holdings Inc. Files for Initial Public Offering of Common Stock.ATLANTA -- BlueLinx Holdings BlueLinx Holdings NYSE: BXC is a Fortune 1000 company based in Atlanta, Georgia. It is the largest building products wholesaler in the country. External links
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "BXC BXC Band Cross-Connect ." 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 Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. 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 Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. 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 New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , 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 Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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