Hawaiian Electric enters $250M ABL facility secured by utility receivables, pending PUC approval

HAWAIIAN ELECTRIC INDUSTRIES INC

Facility allows borrowings up to $250M on a revolving basis using accounts receivable as collateral.
Interest rate: SOFR + 2.00-3.00% or base rate + 1.00-2.00%, depending on revolving line utilization.
Initial term 364 days; extends to 3 years upon PUC approval, with three 1-year extension options.
Proceeds used for working capital, general corporate purposes, and capital projects.
PUC approval required for effectiveness; facility terminates if denied.

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