New Issue-Headwaters sells $400 mln in 8-year notes

Tue Mar 8, 2011 5:28pm EST

  March 8 (Reuters) - Headwaters Inc (HW.N) on Tuesday sold
$400 million of senior secured notes in the 144a private
placement market, said a market source.
  Deutsche Bank was the sole bookrunning manager for the
sale.
BORROWER: HEADWATERS INC
AMT $400 MLN      COUPON 7.625 PCT    MATURITY 4/1/2019  
TYPE SR NTS       ISS PRICE 100       FIRST PAY 10/1/2011
MOODY'S B2        YIELD 7.625 PCT     SETTLEMENT 3/11/2011
S&P B-PLUS        SPREAD 443 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS 

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