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Exhibit 10.1 (c)

AMENDMENT NO. 3

        This AMENDMENT No. 3 dated as of February 10, 2004 ("Amendment No.3"),
is entered into by and among H&E EQUIPMENT SERVICES L.L.C., a Louisiana limited
liability company ("H&E"), GREAT NORTHERN EQUIPMENT, INC., a Montana corporation
("Great Northern" and together with H&E, individually a "Borrower" and jointly,
severally and collectively, the "Borrowers"), H&E HOLDINGS, L.L.C., a Delaware
limited liability company, GNE INVESTMENTS, INC., a Washington corporation and
H&E FINANCE CORP., a Delaware corporation, the persons designated as "Lenders"
on the signature pages hereto, and GENERAL ELECTRIC CAPITAL CORPORATION, a
Delaware corporation, as Agent.

        WHEREAS, Borrowers, the other Credit Parties, the Lenders (as defined
therein) and Agent are party to the Credit Agreement dated as of June 17, 2002
(including all annexes, exhibits and schedules thereto, and as amended by
Amendment No. 1 dated as of March 31, 2003 and by Amendment No. 2 dated as of
May 14, 2003, the "Original Credit Agreement", and as amended hereby and as
hereafter amended, restated, supplemented or otherwise modified from time to
time, the "Credit Agreement"; all capitalized terms defined in the Original
Credit Agreement and not otherwise defined herein have the meanings assigned to
them in the Original Credit Agreement or in Annex A thereto); and

        WHEREAS, Borrowers, Requisite Lenders and Revolving Lenders, subject to
Section 2 hereof, wish to amend the Original Credit Agreement in the manner set
forth below.

        NOW, THEREFORE, in consideration of the premises and the agreements,
provisions and covenants herein contained, Borrowers, Credit Parties, Requisite
Lenders, Revolving Lenders and Agent agree as follows:

SECTION 1.
AMENDMENTS

        Subject to the satisfaction of the conditions to effectiveness referred
to in Section 2 hereof, the Original Credit Agreement is hereby amended as
follows:

(a)Annex A of the Original Credit Agreement is amended as follows:

(i)the definition of "Borrowing Availability" is amended by replacing the dollar
figure "$20,000,000" appearing therein with the dollar figure "$30,000,000".

(ii)the definition of "Commitment Termination Date" is amended by replacing the
date "June 17, 2007" with the date "February 10, 2009".

(iii)the definition of "Equipment Inventory Appraisal" is amended by deleting
the text "during the first twelve months following the Closing Date and not more
than three (3) such appraisals per year thereafter" appearing therein.

(iv)the definition of "Great Northern Borrowing Base" is amended by replacing
the text "eighty percent (80%)" appearing in clause (ii) of paragraph (e) of
such definition with the text "seventy-five percent (75%)".

(v)the definition of "H&E Borrowing Base" is amended by replacing the text
"eighty percent (80%)" appearing in clause (ii) of paragraph (e) of such
definition with the text "seventy-five percent (75%)".

(vi)the definition of "P&E Appraisal" is amended by deleting the text "during
the first twelve months following the Closing Date and not more than three
(3) such appraisals per year thereafter" appearing therein.

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(b)Annex B of the Original Credit Agreement is amended by adding the following
new paragraph (h) immediately after paragraph (g):

"(h)Reimbursement

Borrowers shall be irrevocably and unconditionally obligated forthwith without
presentment, demand, protest or other formalities of any kind (including for
purposes of Section 12), to reimburse any L/C Issuer on demand in immediately
available funds for any amounts paid by such L/C Issuer with respect to a Letter
of Credit, including all reimbursement payments, fees, Charges, costs and
expenses paid by such L/C Issuer. Borrowers hereby authorize and direct Agent,
at Agent's option, to debit Borrowers' account (by increasing the outstanding
principal balance of the Revolving Credit Advances) in the amount of any payment
made by an L/C Issuer with respect to any Letter of Credit."

(c)Annex G of the Original Credit Agreement is amended as follows:

(i)paragraph (b) of Annex G is amended and restated in its entirety as follows:

        "Omitted."

(ii)paragraph (c) of Annex G is amended and restated in its entirety as follows:

"Maximum Adjusted Leverage Ratio. H&E Holdings and its Subsidiaries on a
consolidated basis shall have, at the end of each Fiscal Quarter set forth
below, an Adjusted Leverage Ratio as of the last day of such Fiscal Quarter and
for the 12-month period then ended of not more than the following:

5.20to 1.00 for each Fiscal Quarter ending on or prior to December 31, 2003;

5.80to 1.00 for each Fiscal Quarter ending on or after March 31, 2004 and on or
prior to December 31, 2004;

5.70to 1.00 for each Fiscal Quarter ending on or after March 31, 2005 and on or
prior to December 31, 2005;

5.40to 1.00 for each Fiscal Quarter ending on or after March 31, 2006 and on or
prior to December 31, 2006;

5.30to 1.00 for each Fiscal Quarter ending on or after March 31, 2007 and on or
prior to December 31, 2007; and

5.20to 1.00 for each Fiscal Quarter ending on or after March 31, 2008."

(iii)paragraph (e) of Annex G is amended and restated in its entirety as
follows:

"Minimum Adjusted Interest Coverage Ratio. H&E Holdings and its Subsidiaries on
a consolidated basis shall have, at the end of each Fiscal Quarter set forth
below, an Adjusted Interest Coverage Ratio for the 12-month period then ended of
not less than the following:

1.25to 1.00 for each Fiscal Quarter ending on or prior to December 31, 2005;

1.35to 1.00 for each Fiscal Quarter ending on or after March 31, 2006 and on or
prior to December 31, 2007; and

1.40to 1.00 for each Fiscal Quarter ending on or after March 31, 2008."

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SECTION 2.
CONDITIONS TO EFFECTIVENESS

        This Amendment No. 3 shall become effective on the date (the "Effective
Date") that all of the following conditions shall have been satisfied:

(a)H&E shall have paid to Agent in immediately available funds for the account
of each Revolving Lender (i) an amendment fee equal to 35 basis points of the
Revolving Loan Commitment of such Revolving Lender and (ii) all other fees,
costs and expenses of Agent payable under Section 11.3(b) of the Original Credit
Agreement and specified in that certain fee letter dated February 10, 2004
between Borrowers and Agent (the "Fee Letter"), in connection with the
preparation, execution and delivery of this Amendment No. 3;

(b)Agent shall have received one or more counterparts of this Amendment No. 3
executed and delivered by Borrowers, the other Credit Parties, Agent, the
Requisite Lenders and the Revolving Lenders;

(c)Agent shall have received the Fee Letter, in form and substance satisfactory
to Agent, executed and delivered by H&E; and

(d)there shall be no continuing Default or Event of Default (after giving effect
to the amendments contemplated by this Amendment No. 3) and the representations
and warranties of the Borrowers contained in this Amendment No. 3 shall be true
and correct in all material respects.

SECTION 3.
LIMITATION ON SCOPE

        Except as expressly amended hereby, all of the representations,
warranties, terms, covenants and conditions of the Loan Documents shall remain
in full force and effect in accordance with their respective terms. The
amendments set forth herein shall be limited precisely as provided for herein
and shall not be deemed to be waivers of, amendments of, consents to or
modifications of any term or provision of the Loan Documents or any other
document or instrument referred to therein or of any transaction or further or
future action on the part of Borrowers or any other Credit Party requiring the
consent of Agent or Lenders except to the extent specifically provided for
herein. Agent and Lenders have not and shall not be deemed to have waived any of
their respective rights and remedies against Borrowers or any other Credit Party
for any existing or future Defaults or Event of Default.

SECTION 4.
MISCELLANEOUS

(a)Borrowers hereby represent and warrant as follows:

(i)this Amendment No. 3 has been duly authorized and executed by Borrowers and
each other Credit Party, and the Original Credit Agreement, as amended by this
Amendment No. 3, is the legal, valid and binding obligation of Borrowers and
each other Credit Party that is a party thereto, enforceable in accordance with
its terms, except as such enforceability may be limited by applicable
bankruptcy, moratorium and similar laws affecting the rights of creditors in
general; and

(ii)Borrowers repeat and restate the representations and warranties of Borrowers
contained in the Original Credit Agreement as of the date of this Amendment
No. 3 and as of the Effective Date, except to the extent such representations
and warranties relate to a specific date.

(b)This Amendment No. 3 is being delivered in the State of New York.

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(c)Borrowers and the other Credit Parties hereby ratify and confirm the Original
Credit Agreement as amended hereby, and agree that, as amended hereby, the
Original Credit Agreement remains in full force and effect.

(d)Borrowers and the other Credit Parties agree that all Loan Documents to which
each such Person is a party remain in full force and effect notwithstanding the
execution and delivery of this Amendment No. 3.

(e)This Amendment No. 3 may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed an
original, but all of which counterparts together shall constitute but one and
the same instrument.

(f)All references in the Loan Documents to the "Credit Agreement" and in the
Original Credit Agreement as amended hereby to "this Agreement," "hereof,"
"herein" or the like shall mean and refer to the Original Credit Agreement as
amended by this Amendment No. 3 (as well as by all subsequent amendments,
restatements, modifications and supplements thereto).

(g)Each of the following provisions of the Credit Agreement is hereby
incorporated herein by this reference with the same effect as though set forth
in its entirety herein, mutatis mutandis, and as if "this Agreement" in any such
provision read "this Amendment No. 3": Section 11.6, (Severability),
Section 11.9 (Governing Law), Section 11.10 (Notices), Section 11.11 (Section
Titles) Section 11.13 (Waiver of Jury Trial), Section 11.16 (Advice of Counsel)
and Section 11.17 (No Strict Construction).

        [SIGNATURE PAGE FOLLOWS]

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        WITNESS the due execution hereof by the respective duly authorized
officers of the undersigned as of the date first written above.

    BORROWERS:
 
 
H&E EQUIPMENT SERVICES, L.L.C.
 
 
By:
 
/s/  LINDSAY C. JONES      

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Name:    Lindsay C. Jones
Title:    Chief Financial Officer
 
 
GREAT NORTHERN EQUIPMENT, INC.
 
 
By:
 
/s/  LINDSAY C. JONES      

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Name:    Lindsay C. Jones
Title:    Chief Financial Officer
 
 
CREDIT PARTIES:
 
 
H&E HOLDINGS, L.L.C.
 
 
By:
 
/s/  LINDSAY C. JONES      

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Name:    Lindsay C. Jones
Title:    Chief Financial Officer
 
 
GNE INVESTMENTS, INC.
 
 
By:
 
/s/  LINDSAY C. JONES      

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Name:    Lindsay C. Jones
Title:    Chief Financial Officer
 
 
H&E FINANCE CORP.
 
 
By:
 
/s/  LINDSAY C. JONES      

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Name:    Lindsay C. Jones
Title:    Chief Financial Officer

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AGENT AND LENDERS:
 
 
GENERAL ELECTRIC CAPITAL CORPORATION,
as Agent and a Lender
 
 
By::
 
/s/  J. PAUL MCDONNELL      

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Name:    J. Paul McDonnell, VP
Title:    Duly Authorized Signatory
 
 
BANK OF AMERICA, N.A.,
as a Lender
 
 
By::
 
/s/  EDMUNDO KAHN      

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Name:    Edmundo Kahn
Title:    VP
 
 
FLEET CAPITAL CORPORATION,
as a Lender
 
 
By::
 
/s/  KRISTINA LEE      

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Name:    Kristina Lee
Title:    Vice President
 
 
PNC BANK, NATIONAL ASSOCIATION,
as a Lender
 
 
By::
 
/s/  DOUGLAS A. HOFFMAN      

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Name:    Douglas A. Hoffman
Title:    Vice President
 
 
LASALLE BUSINESS CREDIT, LLC,
as a Lender
 
 
By::
 
/s/  DAVID WILSON      

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Name:    David Wilson
Title:    First Vice President

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ORIX FINANCIAL SERVICES, INC.,
as a Lender
 
 
By::
 
/s/  LISA NOWAKOWSKI      

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Name:    Lisa Nowakowski
Title: Vice President
 
 
GENERAL ELECTRIC VENDOR FINANCIAL SERVICES,
as a Lender
 
 
By::
 
/s/  CAMERON EISEMAN      

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Name:    Cameron Eiseman
Title: Senior Risk Manager

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AMENDMENT NO. 3
SECTION 1. AMENDMENTS
SECTION 2. CONDITIONS TO EFFECTIVENESS
SECTION 3. LIMITATION ON SCOPE
SECTION 4. MISCELLANEOUS