Hawaiian Elec Co Inc SEC Filings

Hawaiian Electric Company, Inc. elected to redeem its Series H 5.25% Cumulative Preferred Stock at a cash price of $21.2625 per share on October 15, 2025.

In this Schedule 13D/A (Amendment No. 1), Kevin Barnes reports 0 shares beneficially owned, representing 0% of the class, with no voting or dispositive power.

As context, the class had 250,000 preferred shares outstanding as of June 30, 2025, as disclosed in the issuer’s Form 10-Q filed on August 7, 2025.

Hawaiian Electric Company, Inc., a subsidiary of Hawaiian Electric Industries, Inc., entered into a material financing agreement and issued $500 million aggregate principal amount of 6.000% Senior Notes due 2033. The notes were issued under an indenture with U.S. Bank Trust Company, National Association, as trustee, and were sold in a private offering relying on exemptions from Securities Act registration.

The notes mature on October 1, 2033, with cash interest paid semi-annually on April 1 and October 1, starting April 1, 2026. Net proceeds will be used to finance capital expenditures and to repay long-term and/or short-term debt, including the revolving credit facility and term loan, that financed capital projects.

Hawaiian Electric may redeem the notes before October 1, 2028 at 100% of principal plus a make-whole amount and accrued interest, and on or after that date at specified redemption prices plus accrued interest. The indenture includes covenants limiting certain liens and major corporate transactions, a change of control repurchase right at 101% of principal plus accrued interest, and customary events of default that can lead to acceleration of all amounts due.