HEI announces $500M common stock offering; proceeds for Maui wildfire settlement

HAWAIIAN ELECTRIC INDUSTRIES INC

HEI intends to offer $500M of common stock, with underwriter option to purchase up to an additional $75M.
Net proceeds will fund HEI's contribution to the expected Maui wildfire tort litigation settlement and for general corporate purposes.
Joint lead book-running managers: Wells Fargo Securities, Barclays Capital; Guggenheim Securities as book-running manager.
Offering made via prospectus supplement under effective S-3ASR registration statement filed with SEC.

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