H&E Equipment Services this week began a cash tender offer and consent solicitation for its $250 million aggregate principal amount of 8 3/8-percent senior notes due 2016. The offer will expire Aug. 31 unless extended. In conjunction with the offer, H&E is soliciting consents to eliminate the restrictive covenants and certain events of default and related provisions contained in the indenture governing the notes.
H&E expects to fund the offer with proceeds of a new senior notes offering under its credit facility.
