Hawaiian Electric Industries, Inc. announced the pricing of $500 million aggregate principal amount of 6.000% Senior Notes due 2033.
The offering is intended to finance capital expenditures, repay long-term and short-term debts.
The Notes have not been registered under the Securities Act and are being sold to qualified institutional buyers and non-U.S. persons.
Offering Details
$500 million aggregate principal amount of 6.000% Senior Notes due 2033.
Use of Proceeds
Financing capital expenditures, debt repayment, and refinancing.
Registration
Notes have not been registered under the Securities Act.
- The offering will support Hawaiian Electric's financial strategies and capital structure.
- It provides flexibility in managing long-term and short-term debts.
- The Notes sale is directed towards qualified institutional buyers and non-U.S. persons.
The private offering of Hawaiian Electric Senior Notes demonstrates HEI's strategic financing approach and commitment to prudent financial management.