Based in Baton Rouge, LA, H&E Equipment Services (Nasdaq-GS: HEES) is one of the nation's largest equipment services companies focused on heavy commercial and industrial equipment.
NORWALK, CT--GE Capital, Corporate Finance today announced it is administrative agent for a newly amended and extended $320 million revolving credit facility to H&E Equipment Services, Inc., one of the nation's largest equipment services companies focused on heavy commercial and industrial equipment. The credit facility will continue to be used for working and growth capital. GE Capital Markets served as joint lead arranger.
Baton Rouge, LA-based H&E Equipment Services (Nasdaq-GS: HEES) rents, sells and provides parts and services for hi-lift or aerial work platform equipment, cranes, industrial lift trucks, earthmoving and other heavy equipment. The company has 68 facilities throughout the U.S. servicing industrial and commercial companies, construction contractors, public utilities, municipalities and maintenance contractors.
"Since 2002, GE Capital has provided both the liquidity and flexibility we've needed despite periods of economic uncertainty," said John Engquist, chief executive officer of H&E Equipment Services. "GE's significant financial commitment and favorable terms provide us the means to foster our business plans."
"The equipment services business is capital-intensive and cyclical," said Tom Quindlen, president and chief executive officer of GE Capital, Corporate Finance. "Providing capital requires industry experience and insight, and we work closely with clients through cycles."
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Ned Reynolds
GE Capital
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Jeff Wilson
GE Capital Corporate Finance
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1-203-749-6340