H&E Equipment to start roadshow Friday for $250 million 10-year notes

By Paul A. Harris

St. Louis, July 20 - H&E Equipment Services Inc. will begin a roadshow on Friday for its $250 million offering of 10-year senior notes (B3/B+), according to an informed source.

The offering is expected to price on July 28.

Credit Suisse and UBS Investment Bank are joint bookrunners for the Rule 144A and Regulation S offering.

The notes come with five years of call protection.

Proceeds, together with cash on hand and borrowings under the company's existing senior secured credit facility, will be used to fund the tender for its 11 1/8% senior secured notes due 2012 and its 12½% senior subordinated notes due 2013.

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

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