BlueLinx Files Registration Statement for Planned Rights Offering, Appox. Gross Proceeds of $60M (BXC)

BlueLinx Holdings Inc. BXC, a leading distributor of building products in North America, today announced that it plans to commence a rights offering of common stock to its stockholders, which would produce gross proceeds to the Company of $60 million. The Company expects to utilize the proceeds of the transactions to repay indebtedness under its credit facility and to fund working capital and other general corporate purposes.