Headwaters buys back $7.5 million 2.5% notes, logs $2 million gain

By Tali David

Minneapolis, May 2 - Headwaters Inc. announced that it repurchased and canceled $7.5 million of its 2.5% notes for cash consideration of about $5.5 million, according to a 10-Q filed with the Securities and Exchange Commission.

The $2 million gain was recorded in other income.

Accelerated debt discount and debt issue costs aggregating roughly $900,000 were charged to interest expense, the company said.

Headwaters is a South Jordan, Utah-based manufacturer of light building products and heavy construction materials.

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