H&E Equipment to pay down credit facility via note offering proceeds

By Tali David

Minneapolis, Jan. 30 - H&E Equipment Services, Inc. plans to use the proceeds from its $100 million senior note offering to repay debt outstanding under its $402.5 million senior secured credit facility, according to an 8-K filed with the Securities and Exchange Commission.

It will also use the proceeds for the payment of related fees and expenses.

General Electric Capital Corp. is the administrative agent.

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

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