Business Context and Reporting Period
Company: BlueLinx Holdings Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 14, 2005
Event: Entry into a Material Definitive Agreement regarding the amendment of the company's revolving credit facility.
Key Financial Metrics
This filing reports on debt capacity and covenant terms rather than operational performance metrics. Specific values for revenue, profit, cash flow, or margins are not provided in this document.
- Revolving Loan Limit: Increased to $800 million (previously $700 million).
- New Term Loan: $6 million.
- Covenants: Modification to the existing fixed charge coverage ratio covenant.
- Borrowing Base: Expansion of certain criteria.
Material Changes Versus Prior Period
On July 14, 2005, BlueLinx Corporation (the Operating Company) amended its Loan and Security Agreement with Wachovia Bank, National Association. The material changes include:
- An increase in the revolving credit facility limit by $100 million.
- The addition of a new $6 million term loan.
- Adjustments to financial covenants and borrowing base definitions.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the context of the credit agreement amendment. The primary focus is the execution of the Second Amendment to the Loan and Security Agreement dated May 7, 2004.
Important Facts for Investor Verification
- Verify the specific terms of the modified fixed charge coverage ratio covenant in the attached Exhibit 99.1.
- Confirm the utilization of the new $6 million term loan and the expanded $800 million revolving facility.
- Review the expanded borrowing base criteria to understand potential impacts on future liquidity.
- Note that this filing does not provide updated revenue or earnings data; refer to the most recent 10-Q or 10-K for operational metrics.