H&E Equipment Services announced the pricing of $530 million aggregate principal amount of its senior notes due 2022 in an unregistered offering. The amount offered represents an increase of $50 million from the previously announced offering size of $480 million. The notes will pay interest semi-annually at a rate of 7 percent. The offering is expected to close August 20.
The company expects to use the proceeds from the offering to repurchase or redeem its outstanding 8 3/8-percent senior notes due 2015.