Headwaters buys back $10 million 16% convertible notes due 2016

By Melissa Kory

Cleveland, Nov. 24 - Headwaters Inc. repurchased and canceled $10 million of its 16% convertible senior notes due 2016 on Nov. 22, according to an 8-K filed with the Securities and Exchange Commission.

The company paid approximately $12.5 million for the notes, which included $0.8 million in interest through the purchase date.

After the note purchase, $9.2 million of the convertibles remain outstanding.

The South Jordan, Utah, company provides products and services to the energy, construction and home-improvement industries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.