Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Energy International Ltd. > News item |
H&E Equipment to repay ABL credit facility debt with note proceeds
By Sarah Lizee
Olympia, Wash., Nov. 20 – H&E Equipment Services, Inc. intends to repay outstanding debt under its existing asset-based credit facility using proceeds from a new offering of $200 million 5 5/8% senior notes due 2025, according to a press release.
The company said proceeds will also be used to fund potential acquisitions in connection with its ongoing strategy of acquiring rental companies to complement its existing business and footprint, for general corporate purposes and to pay fees and expenses in connection with the offering.
H&E Equipment is a Baton Rouge, La.-based heavy equipment manufacturing and services company.
© 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.