H&E calls its $4.5 million of 11 1/8% notes

By Susanna Moon

Chicago, June 28 - H&E Equipment Services, Inc. will redeem its $4.5 million of outstanding 11 1/8% senior secured notes due 2012, according to an 8-K filing with the Securities and Exchange Commission.

The redemption date is July 31.

H&E will pay $1,055.63 per $1,000 principal amount of the notes, or 105.563% of the principal amount plus interest accrued.

The Bank of New York is the agent.

Notes were issued under the indenture dated June 17, 2002.

On Aug. 4, 2006 H&E said it accepted tenders for 97.8% of 11 1/8% notes, or from holders of $195.5 million or 97.8% of its $200 million of 11 1/8% senior secured notes due 2012.

Under the revised pricing for the tender, H&E paid $1,097.74 per $1,000 principal amount, including the $30.00 per $1,000 consent payment.

H&E is a Baton Rouge, La., equipment services company.

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