SYS-CON MEDIA Authors: Roberto Medrano, Dmitriy Stepanov, Gilad Parann-Nissany, Srinivasan Sundara Rajan, Sean Houghton

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HII Technologies, Inc. Secures $18 Million Debt Financing

New Senior Credit Facility Provides Additional Capital to Fund Future Growth and Acquisitions

HOUSTON, TX--(Marketwired - August 12, 2014) - HII Technologies, Inc. (OTCQB: HIIT) ("HII Technologies" or the "Company"), an oilfield services company headquartered in Houston, Texas, today announced that it has secured $18 million of senior secured debt funding from a group of lenders, led by Heartland Bank, an Arkansas State Bank based in Little Rock, (collectively, the "Lenders").

The Lenders are providing a senior secured credit facility (the "Facility") to HII Technologies and its wholly owned subsidiaries consisting of a (i) 3-year $12 million senior secured loan ("Term Loan") and a (ii) $6 million account receivable purchase facility ("A/R facility"). The Term Loan, which closed on August 11, 2014, bears interest at a rate per annum equal to WSJ prime plus a spread that ranges from 5.50% to 8.25% per annum depending on the Company's first lien leverage ratio (provided that at no time shall the WSJ prime be less than 4%). The Term loan requires monthly interest payments, quarterly principal payments of $300,000 and a balloon payment on the Maturity Date. The Term Loan may be increased by up to an additional $10 million upon request and agreement by the Lenders, but is not a committed amount under the facility. The A/R facility will have a fixed 1.50% service charge with an effective APR of 9.0% with customary advance rates for a working capital facility. The A/R Facility replaces the Company's previous senior secured revolving A/R facility. The Facility is secured by all of the Company's and its wholly owned subsidiaries' assets. HII Technologies paid a cash structuring fee of $450,000 to the Lenders and also issued a 4-year warrant to purchase 2.5 million shares of common stock with an exercise price $1.00 per share in connection with the Facility. 

"This credit facility and the previously announced equity capital raised late June and July provides us with additional capital to fund organic growth and acquisition opportunities," stated Matthew Flemming, CEO of HII Technologies. "While our firm is currently experiencing rapid organic growth, from time to time, we identify what we believe are excellent acquisitions that can create value for our Company. AES Water Solutions and AquaTex have both performed well post-acquisition and brought new customers and market share for accelerated growth. We expect to quickly deploy this capital to win some of this business. I would like to thank the Heartland Bank team who arranged the syndicate, and especially Greg White, Senior Credit Analyst and Phil Thomas, Chief Lending Officer for their efforts in helping us put together this financing package that we believe will allow us to continue to execute on our business strategy."

Roth Capital Partners acted as financial advisor to HII in the transaction. Please see the Company's Current Report on Form 8-K to be filed with the SEC on or before August 15, 2014 for additional details regarding the Facility. 

About HII Technologies, Inc.

HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. By focusing on the critical service areas of Water, Safety and Power, the Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays. The Company's frac water management division does business as AquaTex and AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage for its stakeholders. Read more at www.HIITinc.com, www.AquaTexUSA.com, www.AESWaterSolutions.com, www.AESSafetyServices.com and www.Oilfield-Generators.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2014. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.

Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.

Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.

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