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Published on 11/21/2008 in the Prospect News Convertibles Daily and Prospect News High Yield Daily.

Headwaters files $250 million shelf

By Devika Patel

Knoxville, Tenn., Nov. 21 - Headwaters Inc. filed a $250 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers debt securities, common stock, preferred stock, warrants, Depositary Shares and units.

The preferreds and debt securities may be convertible.

Proceeds will be used for future acquisitions, debt repayment or redemption and general corporate purposes.

Headwaters is a South Jordan, Utah-based diversified growth company providing products, technologies and services to the energy, construction and home improvement industries.


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