H&E Equipment Service $275 million 10-year notes talked in 11% area, pricing Friday

By Paul A. Harris

St. Louis, Mo., May 30 - Price talk of a yield in the 11% area emerged Thursday on H&E Equipment Service, Inc.'s planned offering of $275 million 10-year senior secured notes (B3/B), according to a syndicate source, who added that the deal will price Friday.

Credit Suisse First Boston and Banc of America Securities are joint bookrunners. Fleet Securities is co-manager.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to repay bank debt and to fund the merger of H&E with ICM by sponsor Bruckman, Rosser, Sherrill.

The issuer is a Medford, N.Y.-based equipment rental company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.