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Credit agreements, long-term debt and changes in long-term debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Credit Agreements | The following table provides the credit agreement capacity, outstanding and undrawn component as of September 30, 2025 and December 31, 2024.
| As of September 30, 2025 |  | As of December 31, 2024
(in millions) | Capacity |  | Outstanding |  | Undrawn |  | Capacity |  | Outstanding |  | Undrawn
HEI corporate: |  |  |  |  |  |  |  |  |  |  |
Unsecured revolving line of credit | $ | 300 |  |  | $ | 31 |  |  | $ | 269 |  |  | $ | 175 |  |  | $ | 173 |  |  | $ | 2 |
Hawaiian Electric: |  |  |  |  |  |  |  |  |  |  |
Unsecured revolving line of credit | 300 |  |  | — |  |  | 300 |  |  | 200 |  |  | 166 |  |  | 34 |
ABL Facility 1 | 244 |  |  | — |  |  | 244 |  |  | 239 |  |  | — |  |  | 239 |
Borrowing from HEI - standing commitment letter 2 | 75 |  |  | — |  |  | 75 |  |  | 75 |  |  | — |  |  | 75 |
Short-term loan credit facility | — |  |  | — |  |  | — |  |  | 50 |  |  | 50 |  |  | — |
Total Hawaiian Electric | 619 |  |  | — |  |  | 619 |  |  | 564 |  |  | 216 |  |  | 348 |
Total Consolidated HEI 2 | $ | 844 |  |  | $ | 31 |  |  | $ | 813 |  |  | $ | 664 |  |  | $ | 389 |  |  | $ | 275 |
1 Borrowing capacity is calculated based on eligible customer accounts receivable balance at the end of each period. 2 $75 million borrowing from HEI - standing commitment letter is eliminated in total consolidated HEI amounts.
Schedule of Long-Term Debt | The following table summarizes the long-term debt, net for the Company and Hawaiian Electric as of September 30, 2025 and December 31, 2024.
(in thousands) | September 30, 2025 | December 31, 2024
All Other: |  |
HEI 2.48%-6.10% senior notes due 2025-2052 | $ | 226,286 |  | $ | 610,000 |
Pacific Current subsidiaries nonrecourse debt 1 | — |  | 122,025 |
HEI Revolving Facility SOFR + 2.50%, due 2030 2 | 30,500 |  | 173,000 |
Less unamortized debt issuance costs and debt discount 1 | (628) |  | (6,681) |
Less current portion long-term debt, net of unamortized debt issuance cost and debt discount 1 | (18,544) |  | (62,171) |
All Other long term debt, net | 237,614 |  | 836,173 |
Hawaiian Electric: |  |
Special purpose revenue bonds and unsecured senior notes | 2,195,000 |  | 1,742,000 |
Hawaiian Electric Revolving Facility SOFR + 2.25%, due 2026 3 | — |  | 166,000 |
Less unamortized debt issuance costs | (12,467) |  | (6,786) |
Less current portion long-term debt, net of unamortized debt issuance cost | (124,928) |  | (47,000) |
Hawaiian Electric long term debt, net | 2,057,605 |  | 1,854,214 |
HEI Consolidated long term debt, net | $ | 2,295,219 |  | $ | 2,690,387 |
1 As of September 30, 2025, Pacific Current subsidiaries debt, current portion of long-term debt, unamortized debt issuance cost and debt discount are included in current liabilities held for sale. See “Assets held for sale-Mahipapa” in Note 3. 2 As of December 31, 2024, the HEI revolving credit facility rate was SOFR + 1.80%, due 2026 to 2027. See “Unsecured revolving line of credit” paragraph above. 3 As of December 31, 2024, the Hawaiian Electric revolving credit facility rate was SOFR + 1.80%, due 2026 to 2027. See “Unsecured revolving line of credit” paragraph above.
Schedule of Debt Instrument Redemption |
Year | Percentage
2028 | 103.00 | %
2029 | 101.50 | %
2030 and thereafter | 100.00 | %

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