other material
confidence high
sentiment neutral
materiality 0.70
HEI enters into $250M at-the-market equity distribution agreement
HAWAIIAN ELECTRIC INDUSTRIES INC
- Up to $250M of common stock may be sold through Wells Fargo, Barclays, and Guggenheim as agents.
- Commission paid to agents is up to 1.00% of gross sales proceeds.
- Company is not obligated to sell any shares; sales are at its sole discretion.
- Offering is an ATM program; agents will use commercially reasonable efforts to sell.
- Proceeds are for general corporate purposes; no specific use stated.