BUSINESS

BlueLinx Files for IPO

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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.


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BlueLinx Holdings has filed with the Securities and Exchange Commission a registration statement on Form S-1 for an IPO. BlueLinx intends to list on the New York Stock Exchange under the ticker symbol BXC.

The IPO is expected to take place later this year.

Headquartered in Atlanta, BlueLinx Holdings is a building products distributor. Employing 3,300 people in North America, BlueLinx offers 10,000 products from 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.

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 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 comanagers of the potential offering.

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