NYSE:HEElectric Utilities
Is Expanding Debt Capacity and New Notes Offering Shifting the Investment Case for Hawaiian Electric Industries (HE)?
Earlier this month, Hawaiian Electric Industries and its subsidiary initiated a series of fixed income investor calls for a possible US$400 million private offering of 8-year senior unsecured notes, alongside amending and expanding their revolving credit facilities to increase available commitments and extend terms.
These financing steps mark a significant move to reinforce liquidity and flexibility for supporting capital investments, debt repayment, and core operational needs across the...