H&E Equipment to price $275 million 10-year notes after Memorial Day

By Paul A. Harris

St. Louis, Mo., May 17 - H&E Equipment Services will start the roadshow for $275 million senior secured notes due 2012 (B3/B) early in the week of May 20, according to a syndicate source.

The deal is expected to price during the week of May 27, according to the syndicate source.

Credit Suisse First Boston and Banc of America Securities are joint bookrunners. The co-manager is Fleet Securities.

The Rule 144A notes are non-callable for five years.

Private equity sponsor Bruckman, Rosser, Sherrill, which owns H&E, will use the proceeds to fund the merger of H&E with ICM Equipment Co., LLC.

H&E Equipment Services, Inc. is an integrated equipment rental company headquartered in Medford, N.Y.

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