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Prospect News home > News index > List of issuers H > Headlines for Headwaters Inc. > News item
Published on 8/2/2016 in the Prospect News Bank Loan Daily.

Headwaters to launch $350 million add-on term loan B on Thursday

By Sara Rosenberg

New York, Aug. 2 – Headwaters Inc. is set to hold a bank meeting at 10 a.m. ET in New York on Thursday to launch a $350 million covenant-light add-on term loan B due March 2022, according to a market source.

Deutsche Bank Securities Inc. and Bank of America Merrill Lynch are the bookrunners on the deal.

Proceeds will be used to fund the acquisition of Krestmark Industries LP for $240 million and to refinance 7¼% senior notes due 2019.

Headwaters is a South Jordan, Utah-based building products manufacturer. Krestmark is a Dallas-based manufacturer of vinyl windows.


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