Headwaters

(HW)

, a maker of products for the energy and construction industries, said Tuesday it intends to offer $150 million of senior subordinated notes in a private placement to qualified institutional buyers, subject to market and other conditions.

Notes will mature in 2016 and interest rate is yet to be determined.

The South Jordan, Utah-based company intends to use all of the net proceeds from the offering to repay a portion of its senior secured credit facility.

Shares rose 28 cents, or 1.1%, to $24.86 in recent trading.

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