Building products distributor BlueLinx Holdings complete a sale-leaseback transaction for its distribution facility in Yulee, Fla., for a purchase price of $22 million. According to the company, net proceeds from the transaction were used to repay indebtedness under the company’s term loan and revolving credit facility.

BlueLinx said it remains committed to its local markets and will continue to operate out of its north Florida location under a long-term lease with multiple renewal options. The distributor operates additional Florida locations in Tampa, Pensacola, Lakeville, and Miami.

“We are pleased to continue making strides in our deleveraging efforts with the completion of another sale leaseback transaction,” President and CEO Mitch Lewis said in a public statement. “We previously indicated our intent to monetize certain real properties earlier in the year and are pleased with our execution on this commitment. We will remain focused on reducing our leverage in the months ahead.”

The sale-leaseback comes in the same month BlueLinx sold its former distribution facilities in Minneapolis, Minn., and Des Moines, Iowa, for an aggregate purchase price of approximately $12 million. The sales were also made to help repay indebtedness under the company’s revolving credit facility.

Marietta, Ga.-based BlueLinx previously completed a sale-leaseback transaction in May for its distribution facility in University Park, Ill., at a purchase price of $23 million. The net proceeds were used to help repay indebtedness under the company’s term loan. In March, BlueLinx amended its term loan facility, which enables the company to monetize up to $50 million in sales leasebacks in 2019 and about $25 million in sales of overlap market properties to pay down debts.