Hawaii Public Utilities Commission Approves Hawaiian Electric's $250M Utility Accounts Receivable Credit Facility [Yahoo! Finance]
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Hawaiian Electric Industries, Inc. (HE)
Last hawaiian electric industries, inc. earnings: 11/1 06:00 am
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Source: Yahoo! Finance
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 timing and impacts of litigation related to the Maui wildfires, and this facility provides them with additional flexibility," said Scot
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News
- Hawaii Public Utilities Commission Approves Hawaiian Electric’s $250M Utility Accounts Receivable Credit FacilityBusiness Wire
- Hawaiian Electric Industries, Inc. (NYSE: HE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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- Hawaii authorizes power cuts in high-risk weather conditions after Maui fire disaster [CNN]CNN
- Hawaii authorizes power cuts in high-risk weather conditions after Maui fire disaster [CNN]CNN
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