Headwaters Incorporated Announces Redemption of 7-5/8% Senior Secured Notes Due 2019
March 24 2015 - 2:51PM
Business Wire
HEADWATERS INCORPORATED (NYSE: HW), a building products
company dedicated to improving lives through innovative
advancements in construction materials, today announced that it has
notified the holders of its outstanding 7-5/8% Senior Secured Notes
due 2019 (CUSIP No. 42210P AQ5) (the “Notes”) that it intends to
redeem all of the outstanding Notes on April 23, 2015 (the
“Redemption Date”). As of March 23, 2015, there was $400 million
aggregate principal amount of the Notes outstanding. The redemption
price will be 103.813% of the principal amount of such Notes, plus
accrued and unpaid interest to, but excluding, the Redemption
Date.
This press release shall not constitute an offer to purchase or
a solicitation of an offer to buy any securities, including the
Notes. The redemption of the Notes is being made only pursuant to
the terms set forth in the applicable notice of redemption, which
has been delivered to the registered holders of the Notes.
Wilmington Trust, National Association is acting as Paying Agent
for the redemptions of the Notes. Questions concerning the
redemption of the Notes may be directed to the Paying Agent at 50
South Sixth Street, Suite 1290, Minneapolis, MN 55402, Attn:
Corporate Capital Markets.
Headwaters Incorporated
Headwaters Incorporated is improving lives through innovative
advancements in construction materials through application, design,
and purpose. Headwaters is a diversified growth company providing
products, technologies and services to the construction
materials and building products markets. Through its coal
combustion products, building products, and energy businesses, the
Company has been able to improve sustainability by transforming
underutilized resources into valuable
products. www.headwaters.com
CAUTIONARY STATEMENTS RELEVANT TO
FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR”
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995
This press release contains forward-looking statements relating
to Headwaters’ operations that are based on management’s current
expectations, estimates and projections about the industries in
which Headwaters operates. Words such as “may,” “should,”
“anticipates,” “expects,” “intends,” “plans,” “targets,”
“forecasts,” “projects,” “believes,” “seeks,” “schedules,”
“estimates,” “budgets,” “goals,” “outlook” and similar expressions
are intended to help identify such forward-looking statements.
Forward-looking statements include Headwaters’ expectations as to
the managing and marketing of coal combustion products, the
production and marketing of building products, the sales to oil
refineries of residue hydrocracking catalysts, the development,
commercialization, and financing of new products and other
strategic business opportunities and acquisitions, and other
information about Headwaters which are not purely historical by
nature, including those statements regarding Headwaters’ future
business plans, the operation of facilities, the availability of
feedstocks, and the marketability of the coal combustion products,
building products and catalysts. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and other factors, many of which are beyond the
Company’s control and are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements. The reader should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Unless legally
required, Headwaters undertakes no obligation to update publicly
any forward-looking statements, whether as a result of new
information, future events or otherwise. Among the important
factors that could cause actual results to differ materially from
those in the forward-looking statements are: changing feedstock and
energy prices; actions of competitors or regulators; technological
developments; potential disruption of the Company’s production
facilities, transportation networks and information technology
systems due to war, terrorism, malicious attack, civil accidents,
political events, civil unrest or severe weather; potential
environmental liability or product liability under existing or
future laws and litigation; potential liability resulting from
other pending or future litigation; changed accounting rules under
generally accepted accounting principles promulgated by
rule-setting bodies; and the factors set forth under the heading
“Risk Factors” in the Company’s Annual Report on Form 10-K,
quarterly reports on Form 10-Q and other periodic reports. In
addition, such results could be affected by general domestic and
international economic and political conditions and other
unpredictable or unknown factors not discussed in this press
release which could have material adverse effects on
forward-looking statements.
AT THE COMPANY:Headwaters IncorporatedSharon MaddenVice
President of Investor Relations(801) 984-9400orANALYST
CONTACT:Financial ProfilesTricia Ross(310) 622-8226
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