Headwaters to start roadshow Thursday for $400 million secured notes

By Paul A. Harris

Portland, Ore., March 2 - Headwaters Inc. will begin a roadshow on Thursday for a $400 million offering of eight-year senior secured notes (existing ratings B2/B+), according to an informed source.

The deal is expected to price early in the week ahead.

Deutsche Bank Securities Inc. is leading the Rule 144A and Regulation S offering.

The notes come with four years of call protection.

The company plans to use the proceeds to fund its tender offer for any and all of its $328.3 million of 11 3/8% senior secured notes due 2014.

South Jordan, Utah-based Headwaters is a provider of products and services to the energy, construction and home-improvement industries.

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