v3.26.1
Credit agreements and long-term debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Credit Agreements The following table provides the credit agreement capacity, outstanding and undrawn components as of June 30, 2026 and December 31, 2025.
As of June 30, 2026
As of December 31, 2025
(in millions)CapacityOutstandingUndrawnCapacityOutstandingUndrawn
HEI corporate:
Unsecured revolving line of credit$300 $— $300 $300 $20 $280 
Hawaiian Electric:
Unsecured revolving line of credit300 — 300 300 — 300 
ABL Facility1
250 — 250 240 — 240 
Borrowing from HEI - standing commitment letter2
75 — 75 75 — 75 
Total Hawaiian Electric625 — 625 615 — 615 
Total Consolidated HEI2
$850 $— $850 $840 $20 $820 
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 June 30, 2026 and December 31, 2025.
(in thousands)June 30, 2026
December 31, 2025
All other1:
HEI 2.48%-6.10% senior notes due 2028-2052
$207,738 $207,738 
HEI revolving credit facility SOFR + 2.50%, due 20302
— 20,000 
Less unamortized debt issuance costs(539)(596)
All other long-term debt, net
207,199 227,142 
Hawaiian Electric:
Special purpose revenue bonds and unsecured senior notes2,070,000 2,195,000 
Less unamortized debt issuance costs(11,569)(12,167)
Less current portion long-term debt, net of unamortized debt issuance cost— (124,959)
Hawaiian Electric long-term debt, net
2,058,431 2,057,874 
HEI consolidated long-term debt, net
$2,265,630 $2,285,016 
1     Excludes Mahipapa’s non-recourse loans amounting to $54.6 million and $54.0 million, as of June 30, 2026 and December 31, 2025, respectively, which are classified as “Liabilities held for sale” on the Company’s Condensed Consolidated Balance Sheets. See “Assets held for sale-Mahipapa” in Note 3.
2     As of December 31, 2025, the HEI revolving credit facility’s weighted-average interest rate was 6.32%. See “Syndicated credit agreements” above.