---
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"
generated_at: "2026-06-08T06:22:07.158274+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# HCI Group extends credit facility to $75M, matures Nov 2028, SOFR-based pricing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-062140
- JSON: https://secwatch.observer/filing/0000950170-23-062140.json
- Plain text: https://secwatch.observer/filing/0000950170-23-062140.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1400810/000095017023062140/0000950170-23-062140-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1400810/000095017023062140/0000950170-23-062140-index.htm

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