Hawaiian Electric ( (HE) ) has issued an update.
Hawaiian Electric Industries, Inc. (HEI) has announced a public offering of $500 million in common stock, with the possibility of an additional $75 million available to underwriters. The proceeds are intended to settle expected Maui wildfire litigation and for general corporate use. The offering, managed by Wells Fargo Securities, LLC, and Barclays Capital Inc., among others, will be made through a prospectus supplement under HEI’s existing registration statement. HEI, a key player in Hawaii’s economy, is known for its electric utility services and financial services through its banking subsidiary.
For detailed information about HE stock, go to TipRanks’ Stock Analysis page.
