H&E Equipment settles tender on 5 5/8% notes, to redeem balance

By Cady Vishniac

Detroit, Dec. 16 – H&E Equipment Services, Inc. has settled its cash tender offer for any and all of its $950 million of 5 5/8% senior notes due 2025 (Cusips: 404030AH1, 404030AF5), according to a news release.

By the 5 p.m. ET offer expiration time on Dec. 11, approximately $553.6 million of the notes, about 58.3% of the outstanding principal, had been validly tendered and not withdrawn.

Holders who validly tendered their notes prior to the expiration time received $1,043.75 per $1,000 principal amount of notes, plus any accrued and unpaid interest on the notes up to, but not including, the Dec. 14 payment date.

The offer was conducted in connection with the company’s proposed offering of $1.25 billion of new senior notes. The company funded the tender offer using a portion of the proceeds from the new notes.

The company also issued a conditional notice of redemption for any notes not purchased in the offer. The notes will be redeemed on Dec. 30 at 104.2188, plus accrued and unpaid interest to but excluding the redemption date.

BofA Securities, Inc. (980 387-9534; debt_advisory@bofa.com) is the dealer manager, and D.F. King & Co., Inc. (800 284-7175, 212 269-5550, hees@dfking.com) is the tender agent and information agent.

H&E is a Baton Rouge, La.-based heavy equipment manufacturing and services company.

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