Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
HCI Group, Inc. amended revolving credit of $75,000,000 with Fifth Third Bank at SOFR plus a 10 basis points adjustment maturing November 3, 2028.
- Instrument
- revolving credit
- Principal
- $75,000,000
- Counterparty
- Fifth Third Bank
- Rate
- SOFR plus a 10 basis points adjustment
- Maturity
- November 3, 2028
- Event
- amendment
Exact text from the filing
2028. Under the terms of the amendment, the maximum Debt to Capital Ratio as defined in the Credit Agreement is 67.5%. The maximum balance of the line of credit is increased to $75,000,000 and the borrowing rate is based partially on the one or three month Secured Overnight Finance Rate (known as SOFR) plus a 10 basis points adjustment. The summary of the foregoing
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HCI Group, Inc. amended Second Amended and Restated Credit Agreement with Fifth Third Bank valued at $75,000,000 (effective 2023-11-03).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Fifth Third Bank
- Value
- $75,000,000
- Effective
- 2023-11-03
Exact text from the filing
On November 3, 2023, we executed a Second Amended and Restated Credit Agreement to extend the term of our revolving credit facility from Fifth Third Bank until November 3, 2028.
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