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BlueLinx Holdings has completed a sale-leaseback transaction for its owned distribution facility in Denver, Co., for $10.6 million.
As part of the deal, BlueLinx entered into a lease agreement for the property with multiple renewal options, demonstrating its long-term commitment to this local market.
Net proceeds from the sale-leaseback transaction were used to repay indebtedness under the company’s term loan, which has been reduced to approximately $57.8 million.