H&E Equipment to draw on existing loan to help fund tender offer

By Sara Rosenberg

New York, July 20 - H&E Equipment Services, Inc. plans to use borrowings under its existing senior secured credit facility, along with proceeds from a proposed $250 million senior unsecured notes offering and cash on hand, to fund a bond tender offer, according to a company news release.

As was previously announced, the company is tendering for its 11 1/8% senior secured notes due 2012 and 12½% senior subordinated notes due 2013.

H&E is a Baton Rouge, La.-based integrated equipment services companies.

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