Headwaters (HW) Closes 9.6M Share Offering, Raising $34.5M in Net Proceeds
More News related to HW
- Harry Winston Diamond Corporation Fiscal 2010 Third Quarter Results to be released Wednesday, December 9, 2009
- Headwaters (HW) Posts Q4 Loss of $0.40, Wider than Expected
- Headwaters Incorporated Announces Results for Fourth Quarter and Fiscal 2009
- Trading Radar for 11/04: Cisco (CSCO), Comcast (CMCSA), Tyco (TEL), Molson Coors (TAP) Report
- Headwaters Incorporated Schedules Fiscal Fourth Quarter and Year-End 2009 Earnings Release and Conference Call
Headwaters Incorporated (NYSE: HW) announced today that it has closed a registered direct offering of 9.6 million shares of its common stock at a price of $3.90 per share. Net proceeds to Headwaters after deduction of agency fees and estimated expenses were approximately $34.5 million.
Headwaters Incorporated intends to use the net proceeds from this offering for partial repayment of its senior secured first tier term loan (the "Term Loan"), which satisfies Headwaters' requirement to repay $25 million of the Term Loan if Headwaters enters into an asset-backed lending facility on or before December 31, 2009. Canaccord Adams Inc. acted as lead placement agent and Stephens Inc. and Avondale Partners, LLC acted as co-placement agents for the offering.
Related Categories
Equity OfferingsStocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
