secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001104659-24-102097
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000110465924102097/0001104659-24-102097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000110465924102097/tm2424533d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-102097

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