Hawaiian Electric ( (HE) ) has provided an announcement.
On March 5, 2025, Hawaiian Electric Industries, Inc. announced its decision to use approximately $383.7 million from the sale of shares in American Savings Bank to repurchase a portion of its outstanding senior notes. This strategic move aims to strengthen the company’s financial position by reducing debt, potentially impacting its operations and market standing positively. The offer to purchase the notes is subject to specific conditions and must be accepted by holders by April 2, 2025.
More about Hawaiian Electric
Hawaiian Electric Industries, Inc. operates in the energy sector, primarily focusing on the generation, transmission, and distribution of electricity in Hawaii. The company provides essential energy services and is a key player in the Hawaiian energy market.
YTD Price Performance: 10.79%
Average Trading Volume: 3,235,523
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.81B
For a thorough assessment of HE stock, go to TipRanks’ Stock Analysis page.