Daily News: December 28, 2017

Wells Fargo Amends H&E Equipment Services Facility


H&E Equipment Services amended, extended and restated its existing $602.5 million senior secured credit facility with administrative agent Wells Fargo Capital Finance, along with the associated joint lead arrangers, joint book runners, co-syndication agents and documentation agent.

The amended and restated credit agreement, among other things, extends the maturity date of the credit facility from May 21, 2019 to December 22, 2022, increases the commitments under the senior secured asset based revolver from $602.5 million to $750 million and increases the uncommitted incremental revolving capacity from $150 million to $250 million. Additionally, it permits, subject to certain conditions, an unlimited amount of permitted acquisitions, restricted payments and prepayments of indebtedness.

The amended facility remains secured by substantially all of the assets of the company and certain of its subsidiaries.

H&E Equipment Services rents, sells and provides parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.