Hawaii Public Utilities Commission Approves Hawaiian Electric’s $250M Utility Accounts Receivable Credit Facility
Hawaiian Electric Industries, Inc. (HE)
Last hawaiian electric industries, inc. earnings: 11/1 06:00 am
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Source: Business Wire
HONOLULU--(BUSINESS WIRE)--On June 27, 2024 Hawaiian Electric Company, Inc. (Hawaiian Electric), a subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI), received approval from the Public Utilities Commission (PUC) for an asset-based lending facility credit agreement (ABL Credit Facility Agreement) that allows short-term borrowings of up to $250 million on a revolving basis using certain accounts receivable as collateral. The ABL Credit Facility Agreement is described in detail in HEI’s form 8-K filed with the Securities and Exchange Commission on May 23, 2024.“We appreciate the PUC’s approval on the expedited schedule Hawaiian Electric had requested. An accounts receivable facility is a tool commonly used by utilities to support their financing needs, and this will help support the important operational work underway by Hawaiian Electric to support safety, resilience and reliability. Hawaiian Electric continues to prudently manage liquidity as we work through the tim
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News
- Hawaii Public Utilities Commission Approves Hawaiian Electric's $250M Utility Accounts Receivable Credit Facility [Yahoo! Finance]Yahoo! Finance
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HE
Earnings
- 11/9/23 - Beat
HE
Sec Filings
- 6/28/24 - Form 8-K
- 6/28/24 - Form 11-K
- 6/28/24 - Form 11-K
- HE's page on the SEC website