debt
confidence high
sentiment neutral
materiality 0.60
HE to use ~$383.7M ASB sale proceeds to buy back pro-rata portion of senior notes
HAWAIIAN ELECTRIC INDUSTRIES INC
- Using ~$383.7M net proceeds from December 2024 ASB sale to buy back up to pro-rata portion of senior notes at par plus accrued interest.
- Offer covers 13 tranches of senior notes with rates 2.48% to 6.10% and maturities 2025 to 2052.
- Holders may tender until 5:00 PM ET on April 2, 2025; withdrawals allowed until same deadline.
- Purchase price 100% of principal plus accrued interest; settlement 5 business days after expiration (by April 9).