HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries, Inc. (NYSE: HE) ("HEI" or the "Company") today announced that it has priced its previously announced public offering of 54,054,054 shares of its common stock at a price of $9.25 per share. The offering is expected to close on September 25, 2024, subject to customary closing conditions.
The Company has granted the underwriters of the offering an option to purchase up to an additional 8,108,108 shares of common stock at the public offering price less underwriting discounts and commissions.
HEI intends to use the net proceeds from the offering to fund its contribution to the expected Maui wildfire tort litigation settlement and for general corporate purposes.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the joint lead book-running managers and Guggenheim Securities, LLC is a book-running manager for the offering.
The offering of common stock is being made by means of a prospectus supplement under HEI's effective registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission ("SEC").
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering may be made only by means of a prospectus supplement relating to such offering and the accompanying prospectus. To obtain a copy of the prospectus supplement and related base prospectus for this offering, please contact Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at (800)-645-3751 (option #5) or email a request to WFScustomerservice@wellsfargo.com or Barclays Capital Inc., c/o Broadridge Financial Solutions 1155 Long Island Avenue, Edgewood, NY 11717, at (888) 603-5847 or email a request to Barclaysprospectus@broadridge.com.
About HEI
The HEI family of companies provides the energy and financial services that empower much of the economic and community activity of Hawaii. HEI's electric utility, Hawaiian Electric, supplies power to approximately 95% of Hawaii's population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. Its banking subsidiary, American Savings Bank, is one of Hawaii's largest financial institutions, providing a wide array of banking and other financial services and working to advance economic growth, affordability and financial wellness. HEI also helps advance Hawaii's sustainability goals through investments by its non-regulated subsidiary, Pacific Current.
檀香山——(BUSINESS WIRE)——夏威夷电力实业股份有限公司(NYSE: HE)(“HEI”或“公司”)今日宣布已定价其先前宣布的公开发行54,054,054股普通股,每股定价为9.25美元。该发行预计将于2024年9月25日结束,视惯例交易条件而定。
公司已授予发行商购买多达8,108,108股普通股的选择权,价格为公开发行价格减去承销折让和佣金。
夏威夷电力实业打算利用该次发行的净收益用于资助其预期的毛伊岛野火侵权诉讼和一般公司用途。
富国证券有限责任公司和巴克莱银行有限公司是主承销商,古根海姆证券有限责任公司是该次发行的副主承销商。
普通股的发行是通过HEI的有效注册声明表S-3ASR的附录进行的,该表已在证券交易委员会("SEC")就此提交。
本新闻稿并非构成出售或邀约购买任何证券的要约,也不构成在任何可能违法的司法管辖区进行的任何证券的出售、邀约或销售的要约。该发行仅通过与该发行相关的附录招股说明书以及随附的招股说明书进行。要获取此次发行的招股说明书副本和相关的基础招股说明书,请联系Wells Fargo Securities, LLC,地址:明尼阿波利斯市南7街90号5楼,邮编55402,电话:(800)-645-3751(选项#5)或通过电子邮件向WFScustomerservice@wellsfargo.com或Barclays Capital Inc.(广汇金融解决方案),地址:纽约州埃奇伍德长岛大街1155号,邮编11717,电话:(888) 603-5847或通过电子邮件向Barclaysprospectus@broadridge.com发送请求。
关于夏威夷电力实业
HEI公司家族提供的能源和金融服务支持了夏威夷大部分经济和社区活动。HEI的电力公用事业公司夏威夷电力为夏威夷约95%的人口供电,并正在努力实现碳中和目标,推动该州经济的绿色转型。其银行子公司美国储蓄银行是夏威夷最大的金融机构之一,提供多样化的银行和其他金融服务,并致力于促进经济增长、可负担性和财务健康。HEI还通过其非受监管子公司Pacific Current的投资支持夏威夷的可持续发展目标。