Headwaters Incorporated Repurchases $10.0 Million of Senior Subordinated Notes

Headwaters Incorporated HW today announced it has repurchased and canceled approximately $10.0 million in aggregate principal amount of its 16% Convertible Senior Subordinated Notes due 2016 for consideration of approximately $12.5 million, including accrued interest through the purchase date of approximately $0.8 million pursuant to privately negotiated agreements with an existing note holder and an open market transaction. After the closing of the note purchase, Headwaters will have approximately $9.2 million aggregate principal amount of the 16% Notes remaining.