---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-24-000029"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:24:37.823844+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000354707-24-000029
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470724000029/0000354707-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470724000029/he-20240517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-24-000029
- JSON: https://secwatch.observer/filing/0000354707-24-000029.json
- Plain text: https://secwatch.observer/filing/0000354707-24-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.