By Paul A. Harris
St. Louis, Mo., June 17 - H&E Equipment priced $53 million of senior subordinated notes due June 15, 2013 at 94.356 to yield 13½%, according to a market source.
The bookrunner on the Rule 144A deal was Credit Suisse First Boston.
On June 3 the firm priced a downsized offering of $200 million of senior secured second priority notes due June 15, 2012 (B3/B) at 99.263 to yield 11 ¼%. The deal was reduced from $275 million and the mezzanine tranche was added at the same time.
Issuer: H&E Equipment
Amount: $53 million
Maturity: June 15, 2013
Type: Senior subordinated notes
Bookrunner: Credit Suisse First Boston
Coupon: 12½%
Price: 94.356
Yield: 13½%
| Call: | 2007 onwards
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| Equity clawback: | Until June 15, 2005 for 35% at 112.50
|
| Settlement date: | June 17, 2002
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