H&E Equipment Services tenders for $630 million 7% notes due 2022

By Susanna Moon

Chicago, Aug. 17 – H&E Equipment Services, Inc. said it began a cash tender offer for its $630 million principal amount of 7% senior notes due 2022 in connection with its planned $750 million of new senior notes.

The tender offer will remain open until 5 p.m. ET on Aug. 23.

The purchase price will be $1,038.90 per $1,000 principal amount of notes plus accrued interest up to but excluding the payment date.

The offer has a financing condition.

H&E plans to redeem any notes that remain outstanding after the offer using proceeds from the new issue and drawdowns under its credit facility, according to a company announcement.

Wells Fargo Securities, LLC (866 309-6316 or 704 410-4760) is the dealer manager. D.F. King & Co., Inc. (888 796-1292, 212 269-5550 or dfking.com/hees) is the tender agent and information agent.

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

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