H&E Equipment Services, Inc. (NASDAQ:HEES) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On November20, 2017, H&E Equipment Services, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”), by and among the Company, certain subsidiaries of the Company (the “Guarantors”), Merrill Lynch, Pierce, Fenner& Smith Incorporated and Wells Fargo Securities, LLC (the “Initial Purchasers”) to which the Company agreed to issue and sell to the Initial Purchasers $200million in aggregate principal amount of the Company’s 5.625% senior notes due 2025 (the “New Notes”). The sale of the New Notes is expected to close on November22, 2017, subject to the satisfaction of customary closing conditions.
On November20, 2017, the Company issued a press release announcing the pricing of $200million in aggregate principal amount of its 5.625% senior notes due 2025, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Additional Information
This press release is neither an offer to sell, nor a solicitation of an offer to buy, any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The securities described herein have not been and will not be registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except to an exemption from the registration requirements of the Securities Act, and applicable state securities laws.
Forward-Looking Statements
Except for historical information, all other information in this Form 8-K consists of forward-looking statements. 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” and similar expressions constitute forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors, including the 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 the Company’s ability to satisfy the conditions contained in the Purchase Agreement with the Initial Purchasers 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, which may cause the actual results to be materially different from those expressed or implied in the forward-looking statements. Other important factors that could cause the statements made in this Form 8-K or the actual results of operations or financial condition of the Company to differ include, without limitation, that the offering is subject to market conditions, other conditions and approvals. There can be no assurance that the offering will be completed as described herein or at all. Other important factors are discussed under the caption “Forward-Looking Statements” in the most recent Annual Report on Form 10-K and in subsequent filings made prior to or after the date hereof. The Company does not intend to review or revise any particular forward-looking statement in light of future events.
| Item 1.01. | Financial Statements and Exhibits |
| 99.1 | Press Release, dated November20, 2017. |
H&E Equipment Services, Inc. ExhibitEX-99.1 2 d486207dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NEWS RELEASE Contacts: Leslie S. Magee Chief Financial Officer 225-298-5261 lmagee@he-equipment.com Kevin S. Inda Vice President of Investor Relations 225-298-5318 kinda@he-equipment.com H&E EQUIPMENT SERVICES,…To view the full exhibit click here
About H&E Equipment Services, Inc. (NASDAQ:HEES)
H&E Equipment Services, Inc. is an integrated equipment services company. The Company rents, sells and provides parts and services support for approximately four core categories of specialized equipment, such as hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks. The Company’s segments include equipment rentals, which rents various types of construction and industrial equipment; new equipment sales, which sells new equipment in its core product categories; used equipment sales, which sells used equipment from its rental fleet, as well as from sales of inventoried equipment that it acquires through trade-ins from its equipment customers and through purchases of used equipment; parts sales, which sells new and used parts for the equipment the Company sells and also provides parts to its own rental fleet, and services, which provides maintenance and repair services for its customers’ equipment and to its own rental fleet.