HEI and Hawaiian Electric enter $300M each credit facilities; to redeem all cumulative preferred stock by Oct 15

HAWAIIAN ELECTRIC INDUSTRIES INC

HEI revolver increased to $300M (from $175M) with maturity extended to Sep 5, 2030.
Hawaiian Electric revolver increased to $300M (from $200M) with maturity to Sep 4, 2026 (subject to extension).
All cumulative preferred stock of Hawaiian Electric, Maui Electric and Hawaii Electric Light to be redeemed on Oct 15, 2025 using cash on hand.
Restricted payments covenant in effect until investment grade achieved or wildfire settlement payment obligations satisfied.
No new loans drawn except $25M existing outstanding under Hawaiian Electric facility.

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