Hawaiian Electric Industries Enters Material Agreement
Ticker: HE · Form: 8-K · Filed: Sep 18, 2025 · CIK: 354707
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
HE files 8-K for new material agreement & financial obligation.
AI Summary
On September 18, 2025, Hawaiian Electric Industries Inc. entered into a material definitive agreement, which also created a direct financial obligation for the registrant. The filing details this agreement and related financial obligations.
Why It Matters
This filing indicates a significant new financial commitment or agreement for Hawaiian Electric Industries, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and new financial obligations can introduce new risks or alter existing ones for a company.
Key Players & Entities
- HAWAIIAN ELECTRIC INDUSTRIES INC (company) — Filer
- HAWAIIAN ELECTRIC CO INC (company) — Subsidiary/Related Entity
- 20250918 (date) — Filing Date and Report Date
FAQ
What is the nature of the material definitive agreement entered into by Hawaiian Electric Industries Inc.?
The filing indicates the entry into a material definitive agreement but does not specify its exact nature within the provided text.
What type of direct financial obligation was created for the registrant?
The filing states a direct financial obligation was created, but the specific details of this obligation are not provided in the text.
When was this material definitive agreement entered into?
The agreement was entered into on September 18, 2025, as indicated by the filing date.
Are there any specific dollar amounts associated with this new agreement or obligation mentioned in the filing?
The provided text does not contain specific dollar amounts related to the material agreement or the financial obligation.
What is the SIC code for Hawaiian Electric Industries Inc.?
The SIC code for Hawaiian Electric Industries Inc. is 4911, which corresponds to Electric Services.
Filing Stats: 1,055 words · 4 min read · ~4 pages · Grade level 11.5 · Accepted 2025-09-18 16:30:06
Key Financial Figures
- $500 million — announced that Hawaiian Electric issued $500 million aggregate principal amount of 6.000% Se
Filing Documents
- he-20250918.htm (8-K) — 35KB
- exhibit41hecoindenture.htm (EX-4.1) — 608KB
- 0000354707-25-000056.txt ( ) — 906KB
- he-20250918.xsd (EX-101.SCH) — 2KB
- he-20250918_def.xml (EX-101.DEF) — 16KB
- he-20250918_lab.xml (EX-101.LAB) — 28KB
- he-20250918_pre.xml (EX-101.PRE) — 17KB
- he-20250918_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 18, 2025, Hawaiian Electric Industries, Inc. ("HEI") (NYSE – HEI), the parent company of Hawaiian Electric Company, Inc. ("Hawaiian Electric"), announced that Hawaiian Electric issued $500 million aggregate principal amount of 6.000% Senior Notes due 2033 (the "Notes"). The Notes were issued pursuant to an indenture (the "Indenture"), dated as of September 18, 2025, by and between Hawaiian Electric and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"). The Notes were offered and sold in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended. The Notes will mature on October 1, 2033. Interest is payable in cash semi-annually on April 1 and October 1 of each year, beginning on April 1, 2026. The net proceeds of this offering will be used to finance capital expenditures, repay long-term debt and/or short-term debt, including its revolving credit facility and term loan, used to finance or refinance capital expenditures and/or reimburse funds used for the payment of capital expenditures. Hawaiian Electric may redeem the Notes, in whole or in part, at any time or from time to time prior to October 1, 2028 at a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus a "make-whole" amount set forth in the Indenture, plus accrued and unpaid interest, if any, to, but not including, the redemption date. On or after October 1, 2028, Hawaiian Electric may redeem the Notes, in whole or in part, at the redemption prices set forth in the Indenture plus accrued and unpaid interest, if any, to, but not including, the redemption date. The Indenture contains covenants that limit the ability of Hawaiian Electric and its significant subsidiaries, as applicable, to, among other things, (1) create or incur liens on certain assets of Hawaiian Electric and its significant subsidiaries, and (2) merge, consolidat
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 4 .1 Indenture, dated September 18, 2025, between Hawaiian Electric Company, Inc. and U.S. Bank Trust Company, National Association, as trustee. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized. The signature of the undersigned companies shall be deemed to relate only to matters having reference to such companies and any subsidiaries thereof. HAWAIIAN ELECTRIC INDUSTRIES, INC. HAWAIIAN ELECTRIC COMPANY, INC. (Registrant) (Registrant) /s/ Scott T. DeGhetto /s/ Paul K. Ito Scott T. DeGhetto Paul K. Ito Executive Vice President and Senior Vice President, Chief Financial Officer Chief Financial Officer and Treasurer Date: September 18, 2025 Date: September 18, 2025 3