Hawaiian Electric renews $300 million credit facilities and plans preferred stock redemption
HEI and Hawaiian Electric entered into amended revolving credit facilities on September 5, 2025, raising HEI's commitments to $300 million from $175 million and Hawaiian Electric's to $300 million from $200 million. Separately, the utilities plan to redeem all of their outstanding cumulative preferred stock on October 15, 2025, using cash on hand.
Key points
- HEI revolver commitments increased to $300 million from $175 million, with term extended to September 5, 2030
- Hawaiian Electric revolver commitments increased to $300 million from $200 million, with term extended to September 4, 2026, subject to automatic extension
- Hawaiian Electric, Maui Electric and Hawaii Electric Light plan to redeem all outstanding cumulative preferred stock on October 15, 2025 at $20.00 to $21.00 per share plus accrued dividends
- Approximately $25 million in loans remain outstanding under Hawaiian Electric's amended facility
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.