Headwaters prolongs tender offer for 2.875% convertibles due 2016

By Jennifer Chiou

New York, Oct. 21 - Headwaters Inc. said it extended the tender offer for its $71.8 million of 2.875% convertible senior subordinated notes due 2016.

The tender offer will now expire at midnight ET on Oct. 27, extended from Oct. 22.

As of Oct. 20, holders had tendered about $26.9 million of the notes.

The company is offering par plus accrued interest up to but excluding the payment date.

Deutsche Bank Securities Inc. (800 503-4611) is the dealer manager, Morrow & Co., LLC (203 658-9400 or 800 662-5200) is the information agent, and Wilmington Trust FSB is the depositary.

Headwaters provides products and services to the energy, construction and home improvement industries. The company is based in South Jordan, Utah.

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