Headwaters to launch amendment, permitting replacement of revolver

By Sara Rosenberg

New York, June 5 - Headwaters Inc. plans to launch an amendment to its senior secured credit facility during the week of June 8 that would allow for the replacement of its revolver, according to a news release.

The amendment would also revise certain covenants.

Headwaters expects to offer a fee to consenting lenders and anticipates that the amended senior secured credit facility will carry higher pricing.

Majority consents from the lenders are needed in order for the amendment to pass.

Headwaters is a South Jordan, Utah-based provider of products, technologies and services to building products, coal combustion products and energy 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.