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Banks agree to lend Hawaiian Electric $250M

Posted on AllSides May 28th, 2024
From The Center

Already a Honolulu Star-Advertiser subscriber? Log in now to continue reading. Hawaiian Electric Industries Inc. announced Thursday that its utility subsidiary has secured a $250 million credit line subject to state regulatory approval. HEI, parent of Hawaiian Electric Co., said in a filing with the U.S. Securities and Exchange Commission that the credit agreement was made with several banks May 17. Under the arrangement, if approved by the state Public Utilities Commission, Hawaiian Electric will be able to borrow up to $250 million secured by revenue from substantially all of...

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