SOUTH JORDAN — Natural resources technology company Headwaters Inc. said Wednesday it is seeking an amendment to its senior secured credit agreement "to provide the company with additional flexibility to make capital expenditures in its business and investments in joint ventures."
The company said in May that DegussaHeadwaters Korea has entered into an agreement to acquire a hydrogen peroxide facility. The proposed senior secured credit agreement amendment would permit the company to provide limited support for the joint venture's project financing, Headwaters said.
In addition, Headwaters is seeking the ability to increase the permitted size of the revolving loan commitments, subject to the receipt of additional commitments from new or existing lenders after the amendment effective date.