BlueLinx
-
BlueLinx acquired Cedar Creek for $345 million
BlueLinx, a leading distributor of building and industrial products in the US, entered into a definitive agreement to acquire Cedar Creek, a leading building products wholesale distributor, a portfolio company of Charlesbank Capital Partners for a purchase price of USD 413 million on a debt-free, cash-free basis. According to the announcement, the purchase price will consist of approximately USD 345 million in cash and approximately USD 68 million as the agreed value of the capital leases. BlueLinx has commitments from Wells Fargo Bank, N.A. and Bank of America, N.A. to arrange a USD 750 million revolving credit facility that includes a USD 150 million accordion feature, subject to certain conditions, including the finalization of definitive loan agreements. Additionally, BlueLinx has a commitment from HPS Partners for a USD 180 million term loan, subject to certain... Continue reading
-
March 15, 2018
BlueLinx acquired Cedar Creek for $345 million
BlueLinx, a leading distributor of building and industrial products in the US, entered into a definitive agreement to acquire Cedar Creek, a leading building products wholesale distributor, a portfolio company of Charlesbank Capital Partners for a purchase price of USD 413 million on a debt-free, cash-free basis. According to the announcement, the purchase price will consist of approximately USD 345 million in cash and approximately USD 68 million as the agreed value of the capital leases. BlueLinx has commitments from Wells Fargo Bank, N.A. and Bank of America, N.A. to arrange a USD 750 million revolving credit facility that includes a USD 150 million accordion feature, subject to certain conditions, including the finalization of definitive loan agreements. Additionally, BlueLinx has a commitment from HPS Partners for a USD 180 million term loan, subject to certain... Continue reading
-
BlueLinx acquired Cedar Creek for $345 million
BlueLinx, a leading distributor of building and industrial products in the US, entered into a definitive agreement to acquire Cedar Creek, a leading building products wholesale distributor, a portfolio company of Charlesbank Capital Partners for a purchase price of USD 413 million on a debt-free, cash-free basis. According to the announcement, the purchase price will consist of approximately USD 345 million in cash and approximately USD 68 million as the agreed value of the capital leases. BlueLinx has commitments from Wells Fargo Bank, N.A. and Bank of America, N.A. to arrange a USD 750 million revolving credit facility that includes a USD 150 million accordion feature, subject to certain conditions, including the finalization of definitive loan agreements. Additionally, BlueLinx has a commitment from HPS Partners for a USD 180 million term loan, subject to certain... Continue reading