H&E Equipment to repay ABL credit facility debt with note proceeds

By Sarah Lizee

Olympia, Wash., Nov. 20 – H&E Equipment Services, Inc. intends to repay outstanding debt under its existing asset-based credit facility using proceeds from a new offering of $200 million 5 5/8% senior notes due 2025, according to a press release.

The company said proceeds will also be used to fund potential acquisitions in connection with its ongoing strategy of acquiring rental companies to complement its existing business and footprint, for general corporate purposes and to pay fees and expenses in connection with the offering.

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

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