{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-062140","form_type":"8-K","ticker":"HCI","cik":"0001400810","company_name":"HCI Group, Inc.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.904358+00:00","generated_at":"2026-06-08T06:22:07.158274+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"HCI Group extends credit facility to $75M, matures Nov 2028, SOFR-based pricing","bullets":["Maximum revolving line increased to $75,000,000; facility matures November 3, 2028.","Borrowing rate based on 1- or 3-month SOFR plus 10 basis point adjustment.","Maximum Debt-to-Capital Ratio set at 67.5% under amended credit agreement.","Includes $50,000,000 Centerbridge Advance Cap for refinancing existing Centerbridge debt.","Credit agreement amends and restates prior June 2, 2023 facility with Fifth Third Bank."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-062140","json":"https://secwatch.observer/filing/0000950170-23-062140.json","markdown":"https://secwatch.observer/filing/0000950170-23-062140.md","text":"https://secwatch.observer/filing/0000950170-23-062140.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1400810/000095017023062140/0000950170-23-062140-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1400810/000095017023062140/hci-20231103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T06:22:07.158274+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5269a9b5b351dbb7bd0540d54812ca9cd5e10f32","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1400810/000095017023062140/0000950170-23-062140-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$75,000,000"},{"label":"Counterparty","value":"Fifth Third Bank"},{"label":"Rate","value":"SOFR plus a 10 basis points adjustment"},{"label":"Maturity","value":"November 3, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"05cae79c21c09c6d8d22b3a80ee366f89616e856","claim":"HCI Group, Inc. amended Second Amended and Restated Credit Agreement with Fifth Third Bank valued at $75,000,000 (effective 2023-11-03).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1400810/000095017023062140/0000950170-23-062140-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Fifth Third Bank"},{"label":"Value","value":"$75,000,000"},{"label":"Effective","value":"2023-11-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}