Long-term debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of long-term debt

December 31	2021		2020
(dollars in thousands)
Long-term debt of Utilities, net of unamortized debt issuance costs 1	$	1,676,402	$	1,561,302
HEI 5.67% senior notes, due 2021	—		50,000
HEI 2.99% term loan, due 2022	150,000		150,000
HEI 3.99% senior notes, due 2023	50,000		50,000
HEI 4.58% senior notes, due 2025	50,000		50,000
HEI 4.72% senior notes, due 2028	100,000		100,000
HEI 2.82% senior notes, due 2028	24,000		—
HEI 2.48% senior notes, due 2028	30,000		—
HEI 2.98% senior notes, due 2030	50,000		50,000
HEI 3.15% senior notes, due 2031	51,000		—
HEI 2.78% senior notes, due 2031	25,000		—
HEI 3.74% senior notes, due 2051	20,000		—
Hamakua Energy 4.02% non-recourse notes, due 20302	52,166		56,030
Mauo LIBOR + 1.375% loan, due 20233	21,702		41,046
Mauo 4.90% non-recourse term loan, due 20342	12,686		—
Kaʻieʻie Waho 2.79% non-recourse loan, due 20312	12,145		13,000
Less unamortized debt issuance costs	(3,164)		(2,249)
	$	2,321,937	$	2,119,129

1     See components of “Total long-term debt” and unamortized debt issuance costs in Hawaiian Electric and subsidiaries’ Consolidated Statements of Capitalization.

2 Secured by real and personal property of the respective entity.

3 In December 2021, the loan was amended to allow advances through October 5, 2022, in the maximum aggregate principal amount of up to $50.5 million and extended the required paydown of the loan balance to the lesser of (i) $7 million or (ii) the amount of state renewable tax credits not received by October 5, 2022.

Schedule of note purchases and private placements

The following table displays the draw date for the $75 million draw and the required draw date of the remaining $50 million of HEI notes to be issued.

	HEI Series 2021A	HEI Series 2021B	HEI Series 2021C	HEI Series 2022A	HEI Series 2022B
Aggregate principal amount	$30 million	$25 million	$20 million	$30 million	$20 million
Fixed coupon interest rate	2.48%	2.78%	3.74%	2.98%	3.94%
Maturity date	12/29/2028	12/29/2031	12/29/2051	11/15/2032	11/15/2052
Final draw date	12/29/2021	12/29/2021	12/29/2021	11/15/2022	11/15/2022