Headwaters Incorporated Announces Repurchase of $7.652M of Its 14.75% Convertible Subordinated Notes

Headwaters Incorporated HW, today announced it has repurchased and canceled approximately $7.7 million in aggregate principal amount of its 14.75% Convertible Subordinated Notes due 2014 for consideration of approximately $9.1 million, including accrued interest through the purchase date of approximately $0.5 million, pursuant to an open market transaction. After the closing of the note purchase, Headwaters has $5.3 million in aggregate principal amount of its 14.75% Notes remaining. This repurchase brings fiscal year 2012 debt repurchases to $15.2 million.