secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-062140
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023062140/0000950170-23-062140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023062140/hci-20231103.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062140

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