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Headwaters calls $99 million 7¼% notes due 2019 at 103.625 via loan
By Susanna Moon
Chicago, Aug. 23 – Headwaters Inc. issued a call for its $99 million of outstanding 7¼% senior notes due 2019 last Friday.
The notes will be redeemed at 103.625% of par plus accrued interest to the redemption date of Sept. 18, according to a company notice.
The company said it obtained a $350 million incremental senior secured term loan due March 24, 2022 to finance the redemption as well as its planned acquisition of Krestmark Industries for $240 million.
Headwaters is a South Jordan, Utah-based manufacturer of light building products and heavy construction materials.
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