H&E Equipment Services last week closed its offering of $100 million aggregate principal amount of 7 percent senior notes due 2022 in an unregistered offering through a private placement. The new notes are senior unsecured obligations of the company and are guaranteed by certain of its domestic subsidiaries.
H&E will use the proceeds from the offering to repay indebtedness outstanding under its senior secured credit facility and for the payment of fees and expenses related to the offering.
The new notes and related guarantees were offered in a private placement solely to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, or outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The new notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Baton Rouge, La.-based H&E Equipment Services is No. 11 on the RER 100.
