Company Website:
http://www.he-equipment.com/
BATON ROUGE, La. -- (Business Wire)
H&E Equipment Services, Inc. (NASDAQ:HEES) (the “Company” or “H&E”)
today announced that it commenced an offering through a private
placement, subject to market and other conditions, of $200 million in
aggregate principal amount of its 5.625% Senior Notes due 2025 (the “New
Notes”).
The New Notes will be issued under the same indenture pursuant to which
H&E previously issued $750 million in aggregate principal amount of its
5.625% Senior Notes due 2025 (the “Existing Notes”). The New Notes
offered by H&E will have identical terms to the Existing Notes, other
than the issue date and the issue price and will be treated as a single
class of notes with the Existing Notes for all purposes under the
indenture. The New Notes will have the same CUSIP and ISIN numbers as,
and will be fungible with, the Existing Notes. The New Notes will be the
senior unsecured obligations of the Company and will be guaranteed by
the Company’s current and future significant domestic restricted
subsidiaries.
The Company expects to use the net proceeds from the offering to repay
indebtedness outstanding under its existing ABL credit facility, to fund
potential acquisitions in connection with its ongoing strategy of
acquiring rental companies to complement its existing business and
footprint, for general corporate purposes and to pay fees and expenses
in connection with the offering.
The New Notes and related guarantees are being offered in a private
placement, solely to qualified institutional buyers in reliance on
Rule 144A under the Securities Act of 1933, as amended (the “Securities
Act”), 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.
This notice does not constitute an offer to sell the New Notes, nor a
solicitation for an offer to purchase the New Notes, in any jurisdiction
in which such offer or solicitation would be unlawful. Any offer of the
New Notes will be made only by means of a private offering memorandum.
This press release is being issued pursuant to and in accordance with
Rule 135c under the Securities Act.
Forward-Looking Statements
Statements contained in this press release that are not historical
facts, including statements about H&E’s beliefs and expectations, are
“forward-looking statements” within the meaning of the federal
securities laws. Statements that are not historical facts, including
statements about our beliefs and expectations are forward-looking
statements. Statements containing the words “may,” “could,” “would,”
“should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,”
“target,” “project,” “intend,” “foresee” and similar expressions
constitute forward-looking statements. Forward-looking statements
involve known and unknown risks and uncertainties, which could cause
actual results to differ materially from those contained in any
forward-looking statement. Such factors include, but are not limited to,
the following: the contemplated size of the offering, possible
completion of the offering, the prospective impact of a note offering,
plans to repay certain indebtedness (including the terms and success of
such repayment), the use of proceeds of the offering, including our
ability to enter into acquisition agreements, to consummate such
acquisitions and the success of such acquisitions, and other factors
discussed in our public filings, including the risk factors included in
the Company’s most recent Annual Report on Form 10-K. Investors,
potential investors and other readers are urged to consider these
factors carefully in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking
statements. Except as required by applicable law, including the
securities laws of the United States and the rules and regulations of
the Securities and Exchange Commission, we are under no obligation to
publicly update or revise any forward-looking statements after the date
of this release. These statements are based on the current beliefs and
assumptions of H&E’s management, which in turn are based on currently
available information and important, underlying assumptions. H&E is
under no obligation to publicly update or revise any forward-looking
statements after this press release, whether as a result of any new
information, future events or otherwise. Investors, potential investors,
security holders and other readers are urged to consider the above
mentioned factors carefully in evaluating the forward-looking statements
and are cautioned not to place undue reliance on such forward-looking
statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171120005626/en/
Contacts:
H&E Equipment Services, Inc.
Leslie S. Magee, 225-298-5261
Chief
Financial Officer
lmagee@he-equipment.com
or
Kevin
S. Inda, 225-298-5318
Vice President of Investor Relations
kinda@he-equipment.com
Source: H&E Equipment Services, Inc.
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