H&E Equipment again extends consent solicitation

New York, May 4 - H&E Equipment Services LLC said that it and H&E Finance Corp. have again extended their consent solicitation for their 11 1/8% senior secured notes due 2012 and 12½% senior subordinated notes due 2013.

The expiration is now 5 p.m. ET on May 12 instead of 5 p.m. ET on May 3. The expiration was originally 5 p.m. ET on April 21.

As announced on April 11, the Baton Rouge, La., equipment rental company is seeking the ability to increase borrowings under its revolving credit facility and extend the deadline for filing its form 10-K annual report for 2004. H&E is also seeking waivers of defaults related to its failure to file its 10-K on time.

The increase in the revolver to $275 million from $150 million is to fund growth and related working capital needs.

H&E is offering a consent fee of $12.50 per $1,000 principal amount of notes. If it does not file its 10-K by July 29 consenting holders will receive an additional $2.50 per $1,000 principal amount.

Credit Suisse First Boston LLC (800 820-1653 or call collect 212 538-4807) and UBS Securities LLC (888 722-9555 x4210 or call collect 203 719-4210) are solicitation agents, and Morrow & Co., Inc. is the information and tabulation agent (212 754-8000).

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