Key Developments: H&E Equipment Services Inc (HEES.OQ)

HEES.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

H&E Equipment Services Inc Announces President Change-Form 8-K
Tuesday, 6 Nov 2012 11:53am EST 

H&E Equipment Services Inc reported in its Form 8-K that on November 2, 2012, upon the recommendation of John M. Engquist, the Board of Directors of H&E Equipment Services, Inc. (Company) approved the promotion of Bradley W. Barber from the Company's Executive Vice President and Chief Operating Officer to President and Chief Operating Officer of the Company effective immediately. Accordingly, the Board of Directors of the Company, also on the recommendation of Mr. Engquist, determined that Mr. Engquist would no longer hold the title of President.  Full Article

H&E Equipment Services Inc Declares One-Time Special Cash Dividend of $7.00 Per Share
Monday, 20 Aug 2012 05:57pm EDT 

H&E Equipment Services Inc announced that its Board of Directors declared a one-time special cash dividend (the Dividend) of $7.00 per share, payable on September 19, 2012 to stockholders of record at the close of business on September 5, 2012.  Full Article

H&E Equipment Services, Inc. Announces Commencement Of Offering of Senior Notes
Monday, 6 Aug 2012 08:03am EDT 

H&E Equipment Services, Inc. announced that it has commenced an offering through a private placement, of $480 million in aggregate principal amount of senior notes. The Notes will be senior unsecured obligations of the Company and will be guaranteed by the Company’s subsidiaries. The Company expects to use the proceeds from the offering, together with borrowings under its credit facility, to repurchase or otherwise redeem its outstanding 8 3/8% senior notes due 2016, to pay, subject to the approval of the board of directors, a special one-time cash dividend of approximately $246 million in the aggregate (which, based on the Company’s shares outstanding as of July 27, 2012 as reported on Company’s Quarterly Report on Form 10-Q filed on August 2, 2012, would equal a dividend of approximately $7.00 per share) to its stockholders of record on a record date to be determined by its board of directors; to pay related fees and expenses and for general corporate purposes. Whether the Company declares a special dividend, and, if so, timing, amount and nature of any such dividend, will be subject to approval by its board of directors. If for any reason the Company’s board of directors does not approve a special cash dividend in the currently anticipated amount of approximately $246 million, the Company may use the proceeds from the sale of the Notes to fund a special cash dividend of a smaller amount, or it may elect not to declare any special cash dividend.  Full Article

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