debt
confidence high
sentiment neutral
materiality 0.60
HECO commences investor calls; could issue $400M 8-yr senior notes
HAWAIIAN ELECTRIC INDUSTRIES INC
- HECO begins fixed income investor calls; potential $400 million senior unsecured notes offering subject to market conditions.
- Notes would have 8-year maturity; proceeds intended for capex, repaying long-term and short-term debt including credit facility and term loan.
- Offering would be private under Rule 144A and Regulation S; notes not registered under Securities Act.
- HEI and HECO caution that offering may not occur; forward-looking statements included.
item 8.01