---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-027024"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T04:50:23.191133+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# HCI Group extends Fifth Third revolving credit facility to Dec 2024; max leverage covenant set

## Summary
- Term extended one year to December 31, 2024; maximum line unchanged at $50M.
- Maximum Debt-to-Capital Ratio set at 67.5% through Dec 31, 2023, then 65% thereafter.
- Borrowing rate based on SOFR plus 10 bps adjustment; Prior Credit Agreement amended.
- Other terms from prior agreement remain largely unchanged.

## SEC filing metadata
- accession: 0000950170-23-027024
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000095017023027024/0000950170-23-027024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000095017023027024/hci-20230602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-027024
- JSON: https://secwatch.observer/filing/0000950170-23-027024.json
- Plain text: https://secwatch.observer/filing/0000950170-23-027024.txt

## Key facts
- Material Agreements
  HCI Group, Inc. amended Amended and Restated Credit Agreement with Fifth Third Bank (effective 2023-06-02).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Fifth Third Bank
  - Effective: 2023-06-02
  source text: On June 2, 2023, we executed an Amended and Restated Credit Agreement to extend the term of our revolving credit facility from Fifth Third Bank for one additional year until December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1400810/000095017023027024/0000950170-23-027024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.