secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0000950170-23-027024
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023027024/0000950170-23-027024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023027024/hci-20230602.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-027024

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