Filed pursuant to Rule 433
Issuer Free Writing Prospectus dated April 26, 2011
Relating to the Preliminary Prospectus dated April 26, 2011
Registration Statement No. 333-173722
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BlueLinx Corporation
4300 Wildwood Parkway
Atlanta, GA 30339
George R. Judd
President & Chief Executive Officer |
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April 26, 2011
To All BlueLinx Employees:
This morning we announced the filing of a registration statement on Form S-1 with the Securities
and Exchange Commission for a $60 million rights offering that is backstopped by one of our
shareholders, Cerberus ABP Investor LLC (Cerberus).
The rights offering provides our existing stockholders the opportunity to purchase a pro rata
portion of additional shares of BlueLinx Holdings Inc. common stock. Under the rights offering,
each stockholder as of the record date will receive, at no charge, one subscription right for each
share of common stock owned on the record date, and each right will entitle the holder to purchase
its pro rata allocation of shares of BlueLinx common stock. The rights are transferable and we
will apply to have them listed on the NYSE under the symbol BXC RT.
The rights offering is structured as a backstopped rights offering which means that, through an
Investment Agreement with Cerberus, they will purchase, subject to the satisfaction of certain
conditions, all remaining unsubscribed shares of common stock (shares not purchased by other
existing stockholders in rights offering after stockholders, including the backstop party, have
purchased their pro rata portion) at the subscription price. This ensures that the gross proceeds
from the rights offering will not be less than approximately $60 million.
The proceeds from this offering will provide BlueLinx with more financial and operating flexibility
to strategically expand our business as the recovery of the building products industry unfolds. We
believe the actions we are taking to strengthen our liquidity position and better position Bluelinx
to aggressively participate in the housing market recovery will be well received by the investment
community and our customers, suppliers, and employees.
As the rights offering process proceeds over the next couple of months, I ask you to stay focused
on our strategic objectives.
The management team and our Board of Directors continue to believe in the long-term strength of the
housing market and of BlueLinx. The action we have taken today to bolster our liquidity position
will help ensure our company is well positioned in this challenging environment and ready to
capitalize on opportunities when business resumes a more normal pace.
We have filed a registration statement (including a prospectus) with the SEC for the offering to
which this communication relates. Before you invest, you should read the prospectus in that
registration statement and other documents we have filed with the SEC for more complete information
about us and this offering. You may get these documents for free by visiting EDGAR on the SEC Web
site at www.sec.gov. Alternatively, we or our information agent for the offering, Eagle Rock Proxy
Advisors, LLC, will arrange to send you the prospectus if you request it by calling toll free (855)
612-6975.
BlueLinx Holdings Inc. Rights Offering Announcement
Page 2 of 2
Forward-looking Statements
This communication includes forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements relating to our outlook on the
housing industry. All of these forward-looking statements are based on estimates and assumptions
made by our management that, although believed by BlueLinx to be reasonable, are inherently
uncertain. Forward-looking statements involve risks and uncertainties, including, but not limited
to, economic, competitive, governmental and technological factors outside of BlueLinx control that
may cause its business, strategy or actual results to differ materially from the forward-looking
statements. These risks and uncertainties may include, among other things: completion of the
proposed rights offering, including satisfaction of the conditions to the backstop commitment;
changes in the supply and/or demand for products that it distributes, especially as a result of
conditions in the residential housing market; general economic and business conditions in the
United States; the activities of competitors; changes in significant operating expenses; changes in
the availability of capital, including the availability of residential mortgages; the ability to
identify acquisition opportunities and effectively and cost-efficiently integrate acquisitions;
adverse weather patterns or conditions; acts of war or terrorist activities; variations in the
performance of the financial markets; and other factors described under Risk Factors in the
Companys preliminary prospectus included as part of the Registration Statement on Form S-1 filed
by the Company in connection with this offering and in its periodic reports filed with the
Securities and Exchange Commission from time to time. Given these risks and uncertainties, you are
cautioned not to place undue reliance on forward-looking statements. BlueLinx undertakes no
obligation to publicly update or revise any forward-looking statement as a result of new
information, future events, changes in expectation or otherwise, except as required by law.
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