H&E Equipment selling $100 million tap of 7% notes due 2022 Wednesday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Jan. 30 - H&E Equipment Services Inc. expects to sell a $100 million add-on to its 7% senior notes due 2022 during Wednesday's session, according to a market source.

Deutsche Bank Securities Inc. is the dealer for the Rule 144A and Regulation S transaction.

The notes feature a make-whole call at Treasuries plus 50 bps until Sept. 1, 2017 and will then be callable at 103.5.

Proceeds will be used to repay bank debt.

The Baton Rouge, La.-based construction and industrial equipment company priced the original $530 million issue at par on Aug. 10, 2012.

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